Practice Areas & Industries: Hinckley, Allen & Snyder LLP

 





Group Profile Lawyers in this Group Offices Locations for this Group
 

Practice/Industry Group Overview

The Hinckley, Allen & Snyder Public Finance Group assists clients in navigating the complex tax-exempt bond financing process. Our team brings a blend of expertise, experience and creativity to help you achieve your financing goals in the most cost-effective manner possible. We pride ourselves on our ability to identify potential issues early on in the financing process and offer practical solutions.

Thought Leaders
Our public finance lawyers are seasoned veterans who are considered thought leaders in the tax-exempt bond market. We frequently speak and write on topics of interest, including presenting at the National Association of Bond Lawyers annual Bond Attorneys Workshop on topics ranging from tax due diligence and documentation, to interest rate swaps, to securities and bankruptcy law issues. The head of our public finance group, Steve Weyl, is the lead author of the treatise “Tax-Exempt Bonds: Considerations for College and University In-House Counsel,” published by the National Association of College and University Attorneys.


 

Services Available

We offer a full spectrum of public finance services, including:

–  Bond Counsel

–  Borrower Counsel

–  Underwriter Counsel

–  Commercial Bank Counsel

–  Issuing Authority Counsel

–  Purchaser Counsel

–  Corporate Trustee Counsel

Bond Counsel
We are nationally recognized bond counsel. Our bond opinions form the basis on which investors rely in purchasing tax-exempt bonds.

Borrower Counsel
We assist first time and experienced borrowers throughout the United States in issuing their bonds. Our borrowers include government entities, healthcare providers, educational and cultural institutions, nursing care and senior living providers, social service agencies and student loan programs. We work with our borrowers’ governing bodies and their finance teams on corporate authorizations, fund raising issues, tax and securities law matters (including initial and continuing disclosure issues), real estate and construction issues, interest rate swaps and the structuring of their bond issues.

Underwriter Counsel
We represent underwriters and investment bankers nationally in public and private placements, preparing offering and other disclosure documents, bond purchase agreements and providing counsel on disclosure and securities law matters.

Commercial Bank Counsel
We serve as counsel to commercial banks issuing letters of credit, standby bond purchase agreements and interest rate swaps. We also represent banks purchasing bonds directly from an issuer. We prepare all documents and attend to all security issues (including the tax issues relating to security for bond issues) on behalf of our commercial banking clients.

Issuing Authorities
We advise issuing authorities on issues affecting their relationships with their borrowers (including disclosure and compliance issues) as well as on statutory and policy matters.

Bond Purchasers
We assist banks and other financial institutions on issues relating to the purchase of tax-exempt bonds.

Corporate Trustees
We represent corporate trustees on their initial and continuing roles in tax-exempt bond issues, ensuring that their interests are protected and their actions are appropriate under the governing documents.

Who We Serve
Our clients include all participants in the tax-exempt bond market. Although our clients are often located in the five-state area in which we maintain offices - Massachusetts, Rhode Island, Connecticut, New York and New Hampshire - our attorneys work nationally. We have recently represented participants in tax-exempt financings in Alabama, Arizona, California, Colorado, Florida, Georgia, Maine, Maryland, Nevada, New Jersey, North Carolina, Oregon, Texas and Vermont.

Our Experience
Below is a small sampling of the Public Finance Group’s recent engagements:

–  New Hampshire Higher Education Loan Corporation - We served as corporate financing counsel to New Hampshire’s student loan program corporation in the successful restructuring and refinancing of all of its $1.5 billion of frozen auction rate securities, despite the downgrading of certain of the refinancing notes (due to the downgrade of the federal government) three weeks prior to the closing of the final refinancing tranches.

–  Lehman Swap Counterparties - Our firm has represented a broad range of borrowers, from small charitable corporations to a major foreign banking corporation, in connection with their interest rate swaps following the Lehman Brothers bankruptcy.

–  State of Rhode Island and Providence Plantations - We served as bond counsel to the State of Rhode Island in connection with the issuance of debt to fund energy conservation projects at University of Rhode Island, Community College of Rhode Island and Department of Administration facilities.

–  Rhode Island Health and Educational Building Corporation - Our firm served as bond counsel to the Rhode Island Health and Educational Building Corporation in connection with the issuance of $6,450,000 of bonds to finance the construction of a 32,000 square foot health center in Pawtucket, Rhode Island.

–  New Hampshire Health and Education Facilities Authority - We serve as issuer’s counsel to the New Hampshire Health and Education Facilities Authority, New Hampshire’s largest issuer of tax-exempt bonds.