The growth of the Gibbons Public Finance practice, especially in the last few years, has increased substantially due to a significant commitment by the firm in terms of quality personnel and an aggressive business development plan focused on providing personal, responsive service at reasonable fees to both issuers and underwriters. In each of these representations, we pride ourselves not only on our handling of documentation but on being valued members of a larger team, helping to strategize creative financing techniques, timing, structure of the issuance, and other matters, in order to best achieve our client’s goals as efficiently and cost effectively as possible.
Our public finance attorneys represent public authorities and other issuers in a broad range of transactions, including forward delivery transactions, variable and fixed rate obligations, demand bonds, pooled bonds, lease revenue bonds, credit enhanced (insured or letter of credit supported) obligations, and current and advanced refundings. We also evaluate the derivatives and securitization aspects of these financings. As bond counsel, we have represented in their bond and note issuances numerous issuers among New Jersey public entities, including such state agencies as the New Jersey Health Care Facilities Financing Authority and New Jersey Educational Facilities Authority; various counties and county entities, including agencies in Bergen, Essex, Middlesex, Monmouth, Somerset, Union, and Warren Counties; and municipal and regional authorities, municipalities, and school boards.
The Team also serves as counsel to underwriters, credit enhancement issuers, trustees, and borrowers in tax-exempt transactions. In the last 27 years, we have represented investment banking firms as underwriters of approximately $12 billion of tax-exempt bonds.
The Gibbons Public Finance Team, in conjunction with the firm’s Tax Team, provides advice to issuers on municipal obligations, the requirements imposed by the Internal Revenue Code of 1986 on tax-exempt obligations, and the manner in which transactions may be structured to minimize the impact of certain provisions, such as arbitrage and rebate restrictions.