As an attorney in the firm's Business Department, Henryka focuses on the areas of public finance, equipment leasing and trade finance. In her public finance practice, she serves as bond counsel, counsel to issuers, underwriters, financial institutions issuing credit enhancement, corporate trustees and borrowers in connection with fixed and variable rate bonds, tax increment and special taxing district bonds, bonds supported by letters of credit and bond insurance, public issues, private placements, bank-qualified bonds, and taxable bonds financings. Henryka also has an extensive equipment leasing experience.
She regularly represents financial institutions and corporations as lessors and lessees in various types of leasing arrangements including true-lease, lease-intended-for-security, triple-net, operating lease, single-investor and leveraged lease transactions, as well as purchases and sales of large lease portfolios.
In addition, Henryka serves as counsel to financial institutions financing exports of U.S.-manufactured equipment backed by insurance and guaranty credit enhancement offered by the Export-Import Bank of the United States.
Credentials
American Bar Association
Maryland State Bar Association
National Association of Bond Lawyers
Publications
"The MSRB Proposes an Interpretive Notice on the Application of MSRB's "Fair Dealing" Rule to Bondholder Consents Issued by Municipal Securities Underwriters," Miles & Stockbridge News Brief (Co-Author) (March 2012).
"IRS formed a team tasked with monitoring bond prices on a publically-available database and detecting violations of initial issue pricing requirements," Miles & Stockbridge News Brief (Co-Author) (January 2012).
"Extension of Temporary Registration Rule for Municipal Advisors," Miles & Stockbridge News Brief (Co-Author) (January 2012).
"Extension of Temporary Registration Rule for Municipal Advisors," Miles & Stockbridge News Brief (Co-Author) (December 2011).
"Municipal Securities Rulemaking Board issued a proposed interpretive guidance on the application of its fair dealing rule to the duties of underwriters to issuers," Miles & Stockbridge News Brief (Co-Author) (December 2011).
"Electronic Municipal Market Access system of the Municipal Securities Rulemaking Board will start posting credit ratings for municipal securities," Miles & Stockbridge News Brief (Co-Author) (November 2011).
"Amendments to MSRB Rule G-23 prohibit brokers acting as FAs on an issue of municipal securities from subsequently acting as underwriters on the same issue," Miles & Stockbridge News Brief (Co-Author) (November 2011).
"MSRB Proposes Rule on Supervision of Municipal Advisory Activities," Miles & Stockbridge News Brief (Co-Author) (June 17, 2011).
"Changes to MSRB Rules on Municipal Auction Rate Securities and Variable Rate Demand Obligations Increase Reporting Requirements for Dealers," Miles & Stockbridge News Brief (Co-Author) (May 12, 2011).
FASB's and IASB's Proposed Revisions to Lease Accounting Standards Continue to Have Balance Sheet Implications for Lessees," Miles & Stockbridge News Brief (May 4, 2011).
Representative Matters
Since the inception of the Working Capital Guarantee Program of the Export-Import Bank of the United States, the firm has represented lenders and borrowers to finance the export working capital requirements of U.S. Exporters. These transactions range from those related to specific transactions to general export sales; stand-alone financings to those integrated into complex credit arrangements; loans secured by overseas collateral meeting US Content requirements; and transactions under Ex-Im bank's Delegated Authority and Super Delegated Authority Programs. In 2011 alone, lawyers in our firm represented regional and international commercial bank lenders in new working capital financings totaling over $40,000,000.
For over 30 years, we have represented lenders to buyers of U.S.-manufactured products, often using credit enhancement provided through guarantees and insurance products offered by the Export-Import Bank of the United States and private insurers. These transactions have involved buyers located in over 50 different countries, many of which represent emerging markets. Most of the loans are now structured as secured loans. Others involved intercreditor arrangements with other lenders, subordinated debt, real estate or equipment collateral, and some are unsecured obligations of private borrowers or sovereign governments. Examples include: 1) secured aircraft acquisition financings in Nigeria; 2) project financing for a housing complex in Qatar; 3) the purchase by a lender of debt instruments issued by a Russian company to a U.S. seller of gas compression equipment; 4) bank-to-bank financing in Africa, which was ultimately used to finance the purchase by Air Malawi of a US-manufactured airplane; 5) project financing for the acquisition of sport courts and other recreational facilities by the Government of the Dominican Republic; and 6) short-term financing of purchases of U.S. agricultural products and other commodities.