Locke Lord’s nationally recognized Public Finance Practice Group was ranked fourth top bond counsel in the Northeast by volume, with deals totaling $6.75 billion, in The Bond Buyer’s 2019 Northeast Yearend Review. The team also ranked as the top bond counsel in Massachusetts and Vermont; second in New Hampshire; third in Maine; and fourth in Rhode Island.
In 2019, the Public Finance group’s notable deals in the Northeast included: representing the Massachusetts Department of Transportation as bond counsel in the issuance of $664.2 million in transportation refunding bonds; serving as bond counsel to the Narragansett Bay Commission in connection with a $268.7 million Water Infrastructure Finance and Innovation Act (WIFIA) loan from the U.S. Environmental Protection Agency; serving as disclosure counsel to the State of Rhode Island in two transactions; serving as bond counsel for numerous Massachusetts Development Finance Agency conduit bond issues; serving as bond counsel for multiple Massachusetts Housing Finance Agency single family housing bond issues; and serving as bond counsel in the sale of general obligation bonds for The Commonwealth of Massachusetts, the States of Maine, New Hampshire and Vermont, the cities of Boston, Worcester and Attleboro, Mass., and the City of Portsmouth, N.H.
The team was also ranked fourth in the nation for competitive sales in The Bond Buyer’s 2019 Top Bond Counsel rankings, with 175 issues totaling $3.59 billion, the highest number of issues of any firm in the top 10.
Locke Lord’s Public Finance Practice Group has one of the largest bond counsel practices in the country. For more than 130 years, the Firm has been involved in the law of public borrowing and the federal tax and securities aspects of public debt obligations. The Firm’s public finance lawyers have extensive experience nationwide serving as bond counsel, disclosure counsel, underwriter’s counsel, issuer’s counsel, borrower’s counsel, bank counsel, special tax counsel and trustee’s counsel for governmental and quasi-governmental issuers, special purpose entities, tax-exempt organizations and other entities and financial institutions.