Practice Areas & Industries: Fineman Krekstein & Harris, P.C.

 





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Practice/Industry Group Overview

Fineman Krekstein & Harris has represented governmental agencies and financial institutions in municipal borrowings for more than 25 years.  Our firm’s lawyers have broad and deep experience as bond counsel, underwriter’s counsel, borrower’s counsel, issuer’s counsel, trustee’s counsel and credit-provider’s counsel in a wide variety of transactions.

Representative Matters

  • Over the last 10 years, our lawyers have experience on close to 50 transactions with a total original principal amount of more than $4.5 billion.  Among that wide variety of transactions are the issuance of general obligation bonds, revenue bonds and tax and revenue anticipation notes; taxable and tax-exempt offerings; auction rate securities, variable rate demand bonds, as well as fixed rate bonds; bonds enhanced with bond insurance, standby bond purchase agreements and letters of credit; and bank-qualified bonds and notes. We have also served as counsel in connection with the issuance of bonds that are integrated with interest rate hedge agreements, and in connection with the issuance of bonds whose interest rates are swapped years subsequent to their issuance.
     
  • In addition to the initial issuance of bonds, our lawyers have negotiated on behalf of issuers in connection with subsequent disputes that relate to publicly offered bonds.
     
  • Our lawyers have also assisted clients in complying with their ongoing bond-related obligations.  These experiences working with issuers and borrowers and the documents that govern their financings in unusual situations, demonstrate that we have the capability to provide issuers, underwriters and borrowers with first-rate legal representation and advice, not only in connection with the initial issuance of the bonds, but in connection with their ongoing compliance responsibilities and other concerns that may arise under their financing obligations.
     
  • Fineman Krekstein & Harris represented a municipal parking authority in the development of an $18 million, state-of-the-art, multi-level parking facility in Center City Philadelphia on land owned by the Commonwealth of Pennsylvania and leased to the authority. When initial efforts to finance the project through issuance of tax-exempt bonds proved unsuccessful, Fineman Krekstein & Harris attorneys helped the authority devise a bidding procedure and negotiate an agreement with a private developer. The agreement called for a 99-year lease of the property to the developer which built the facility using its own funds. The arrangement allowed our client to provide off-street parking, without spending taxpayer money, and to share in the revenues of the parking facility as well as future revenues from further on-site development.