Turner Law, P.C. attorneys have acted as bond counsel and underwriter’s counsel in education related bond issuances throughout Pennsylvania and Ohio.
We have represented clients in local government unit debt act bond issuances, issuances for distressed school districts and issuances secured with a state intercept. We have also represented underwriters in restructurings of debt subject to interest rate hedge agreements, issuances of qualified school construction bonds and issuances of tax and revenue anticipation notes.
Transactions for which Turner Law attorneys have acted as counsel include:
Underwriters’ Counsel in connection with the issuance by the Souderton Area School District, Montgomery and Bucks Counties of its $49,920,000 Variable Rate Demand Bonds High School Completion Project Series of 2007.
Underwriters’ Counsel in connection with the issuance and sale by the Chester Upland School District if its $24,995,000 General Obligation Refunding Bonds, Series of 2008.
Co-Underwriters Counsel in connection with the issuance and sale by the State Public School Building Authority (Commonwealth of Pennsylvania) of its $264,995,000 School Lease Revenue Bonds (The School District of Philadelphia Project), Series 2012.
Co-Underwriters’ Counsel in connection with the issuance by the School District of Philadelphia of its $125,880,000 General Obligation Revenue Refunding Bonds Series E of 2010 and its $350,000,000 General Obligation Revenue Refunding Bonds, Series F of 2010.
Co-Underwriters’ Counsel in connection with the issuance by the School District of Philadelphia of its $219,110,000 General Obligation Bonds, Series of 2011; consisting of its $144,625,000 General Obligation Bonds, Series A of 2011 (Qualified School Construction Bonds-Federally Taxable-Direct Subsidy), $16,970,000 General Obligation Bonds, Series B of 2011 (Tax-Exempt), $41,185,000 General Obligation Refunding Bonds, Series C of 2011 (Tax-Exempt), and its $16,330,000 General Obligation Refunding Bonds, Series D of 2011 (Tax-Exempt).
Turner Law, P.C. has experience as counsel in issuances for colleges and universities. We have assisted underwriters in due diligence for 501(c)(3) educational institutions and have assisted such institutions in complying with their obligations under Rule 15c2-12. Our experience includes acting as counsel for new money issuances for residence halls, academic buildings, student life and campus centers, and athletic facilities as well as restructurings of variable rate debt and terminations of interest rate hedge agreements.
Representative transactions involving Turner Law attorneys include:
Co-Bond Counsel in connection with the issuance by the Pennsylvania Higher Educational Facilities Authority of its State System of Higher Education of its $279,050,000 Revenue Bonds, Series AT-1 and $19,060,000 Revenue Bonds, Series AT-2 (Taxable).
Co-Bond Counsel in connection with the issuance by the Pennsylvania Higher Education Facilties Authority of its $169,635,000 The Trustees of the University of Pennsylvania Refunding Revenue Bonds, Series 2016A.
Co-Underwriter’s Counsel in connection with the issuance by the Delaware Economic Development Authority of its $29,225,000 Revenue Bonds (Delaware State University Project) Series 2014.
Co-Underwriters’ Counsel in connection with the issuance by the Pennsylvania Educational Facilities Authority of its $26,280,000 Saint Joseph’s University Revenue Bonds, Series B of 2013.
Underwriters’ Counsel in connection with the issuance by the City of Wilkes-Barre Finance Authority of its $52,975,000 University Refunding Revenue Bonds (Wilkes University Project) Series 2007.
Our attorneys have acted as counsel in privately placed issuances of student loan asset backed notes to finance loans for college students under the federal family education loan program. In these transactions investors purchase notes used to finance student loans. The notes are issued by a trust and secured by student loan repayments. In our capacity as counsel we have assisted in the preparation of trust indentures, placement memorandums, placement agreements and certificates and legal opinions required to issue the notes. We have represented counsel in the preparation and response to due diligence and have assisted in responding to and drafting rating agency reports.
Turner Law, P.C.: Education Finance Legal Counsel
The factors involved in financing local schools, colleges and universities and student loans have evolved over the years and an experienced and skilled attorney is essential to any project’s success.
Turner Law, P.C. brings over 14 years of experience as counsel to education financings, and can advise you on how to navigate the legal and financial requirements. Please contact us for a consultation at your convenience so that we can begin to work on financing your project.