2009 Northeast Regional Winners for Bond Buyer Deals
Hawkins acted as counsel for the Bond Buyer’s 2009 Northeast Regional award recipients
Hawkins acted as counsel to the two winners of The Bond Buyer’s 2009 Regional Deal of the Year awards. In the first transaction, Hawkins was instrumental in developing the financing structure for the District of Columbia's $801 million income tax secured revenue bonds as Disclosure Counsel. Hawkins assisted the District over a two-year period in structuring the program, meeting with the rating agencies and drafting the authorizing legislation. The resulting structure, which gives the bondholders a first lien on and pledge of personal income taxes and business franchise taxes superior to that of the District's general obligation bondholders and any other claimant, yielded significantly higher ratings for these bonds than the rating assigned to the District's general obligation bonds. The Partners on this transaction were Mr. McNally and Mr. Sigal.
In the second transaction, Hawkins was also recognized for its role as Bond Counsel to the Finance Authority of Maine. The $14.5 million taxable waste motor-oil revenue bonds issue will help finance important environmental clean-up at various Maine waste-oil disposal sites. Premiums set by the state legislature and imposed on certain motor vehicle oil sales fund the cost of debt service on the bonds. The Partners that counseled on this transaction included Mr. Roberts and Mr. Turner.
John M. McNally
Of Counsel
202.682.1495
jmcnally@hawk…
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Also of Interest
- Brian Garzione co-authors the Supplement to NABL’s Crafting Disclosure Policies
Brian was a key participant in preparing a supplement to NABL’s Crafting Disclosure Policies. - Brian Garzione named Chair of NABL’s Securities Law and Disclosure Committee
In the fall of 2020, Brian Garzione was named Chair of NABL’s Securities Law and Disclosure Committee (SLDC). - Four Hawkins Transactions Win Bond Buyer Deal of the Year Awards
Hawkins is proud to have served as counsel on four financings that won The Bond Buyer deal of the year awards for 2020. - SEC Exemptive Order re Municipal Advisors
This Hawkins Advisory describes the SEC’s exemptive order of June 16, 2020, which provides a temporary exemption from registration as a broker for registered municipal advisors, subject to satisfaction of certain conditions.