Robinson Bradshaw has one of the largest public finance practices in North Carolina. From 2005 through 2016, we served as bond counsel for North Carolina bond issues totaling more than $17.3 billion, according to Thomson Reuters. Best Lawyers® consistently ranks Robinson Bradshaw number one among all North Carolina firms for Public Finance. This level of experience enables us to provide our clients with high-quality legal counsel for all types of public financing transactions, including:
We served as bond counsel for almost $2.4 billion in State of North Carolina general obligation and limited obligation bonds since 2003 and as bond counsel for about 20 of North Carolina's 100 counties, including Mecklenburg, Gaston, Guilford and Durham. We also represent municipalities, authorities and districts located throughout North Carolina. The senior members of our group, Ed Lucas and Gundars Aperans, have approximately 76 years of combined experience representing North Carolina governmental issuers.
Health Care Bonds
We have served as bond counsel, underwriter's counsel or borrower's counsel in more than 198 Medical Care Commission bond issues totaling approximately $10.8 billion. Robinson Bradshaw has played a role in financings for practically every major health care system in North Carolina. Additionally, we have extensive experience serving as bond counsel, underwriter’s counsel and borrower’s counsel for continuing care retirement communities, both in North Carolina and other states.
Robinson Bradshaw has extensive experience in financings for private colleges and universities, UNC system campuses and private secondary schools, serving as bond counsel or underwriter’s counsel in approximately 166 bond issues totaling around $10.9 billion.
Exempt Facility and Industrial Development Bonds
Our attorneys have served as bond counsel or underwriter’s counsel in hundreds of exempt facility and industrial development bond issues throughout the country, including bonds for multifamily housing, airports, docks and wharves, solid waste disposal facilities and pollution control facilities.
Variable Rate Demand Bonds
Robinson Bradshaw has extensive experience with variable rate demand bonds. For the past 30 years, we have drafted or maintained VRDB form documents for four different banks and assisted them in the development of new modes and products.
Developed the documentation and program for the state of North Carolina to issue limited obligation bonds for the first time, which has enabled the state to more efficiently issue non-general obligation debt, and served as bond counsel for the first two such transactions.
Served as bond counsel for Cleveland County in a $40 million, four-series combination of publicly sold and bank purchased taxable Recovery Zone Economic Development Bonds and Qualified School Construction Bonds for school and community college facilities, which were structured and executed to qualify for federal interest subsidy payments to the county made possible by the American Recovery and Reinvestment Act of 2009, substantially lowering the county's interest cost.
Served as bond counsel for the first Build America Bond financing in North Carolina (a $58 million Gaston County general obligation bond issue).
Served as bond counsel for Mecklenburg County in restructuring almost $500 million of liquidity-enhanced variable rate debt into a combination of unenhanced variable rate bonds (the first governmental Window VRDB deal in the country), fixed rate general obligation bonds and fixed rate limited obligation bonds.
Developed the documentation and program under which Durham County issued a variable rate general obligation bond anticipation note that functions as a draw-down loan of up to $80 million, a first of its kind in North Carolina that has enabled the county to borrow only as needed to pay project costs as they are incurred.
Health Care Bonds
Served as bond counsel, underwriter's counsel or authority counsel for every Carolinas HealthCare System bond issue, beginning with their first issue in 1983.
As bond counsel for Carolinas HealthCare System, restructured 15 series, totaling more than $1 billion, of insured auction rate and variable rate demand bonds, being one of the first counsel in the country to restructure bonds by surrendering bond insurance in lieu of refunding, saving our clients time and money.
As underwriter’s counsel in Carolinas HealthCare System bond issues, prepared official statements for approximately $300 million of fixed rate, variable rate and auction rate bonds using the SEC’s “Plain English” principles for public corporate securities offerings, a national first for tax-exempt health care financings.
Served as bond counsel for approximately $1.5 billion in tax-exempt financings for Duke University Health System since 2001, including the conversion or refunding of eight series of variable rate bonds totaling more than $500 million to bank direct purchase modes with four banks and restructuring variable rate debt by wrapping SunTrust liquidity facilities with FHLB confirming liquidity facilities in one of the first confirming liquidity facility transactions in the country.
Served as bond counsel for three series of fixed rate bonds, adjustable rate bonds and ARRA bank-qualified intermediate-term bonds to finance an expansion of a retirement community in what was the first senior living financing in the country to include both publicly offered unrated fixed rate bonds and ARRA bank-bought bonds.
Served as bond counsel for approximately $4.1 billion in bond issues for Duke University since 2001.
Serves as bond counsel for Davidson College and the University of North Carolina at Charlotte.
Served as bond counsel for approximately $800 million in exempt facility bonds for Duke Energy Corporation since 1999.
Served as bond counsel for $475 million in environment-friendly financings for Duke Energy’s coal-fired electric plant “scrubbers” and a facility for National Gypsum Company that uses a waste by-product of that scrubbing to produce synthetic gypsum for wallboard.
Worked with Citigroup to develop the Window VRDB product.
Served as counsel for the Securities Industry and Financial Markets Association’s Model Short-Term Products Working Group in developing model documents for the Window VRDB product.
News & Events
- May 16, 2017
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- Jan. 26, 2017
- Nov. 1, 2016
- Eight Attorneys Named "Lawyer of the Year"Aug. 15, 2016
- June 2, 2016
- April 15, 2016
- Feb. 17, 2016
- Jan. 29, 2016
- Jan. 27, 2016
- Nov. 2, 2015
- Oct. 15, 2015
- Sept. 14, 2015
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- Jan. 21, 2015
- Firm Topped North Carolina Rankings in Eight Practice AreasAug. 19, 2014
- Allen Robertson Interviewed by Modern Healthcare "Hospitals and lenders see favorable conditions now for seeking financing"March 17, 2014
- Allen K. Robertson Testifies on Behalf of National Association of Bond Lawyers at IRS Public HearingMarch 14, 2014
- March 3, 2014
- Jan. 21, 2014
- Jan. 2, 2014
- Sept. 25, 2013
- Sept. 25, 2013
- Aug. 15, 2013
- Six Shareholders Among State’s Top 100 Attorneys, Two in Top 10Jan. 18, 2013
- Oct. 29, 2012
- Aug. 23, 2012
- June 8, 2012
- Seven Shareholders Among State’s Top 100 Attorneys, Two in Top 10Jan. 23, 2012
- Robinson Bradshaw Named to 2011-12 ‘Best Law Firms’ Rankings by U.S. News & World Report, Best LawyersNov. 1, 2011
- Sept. 1, 2011
- Charlotte Firm Leads All Other N.C. Firms in Ranked Attorneys, No. 1 Practice Areas for Third-Straight YearJune 14, 2011
- Seven Shareholders Included Among State’s Top 100 Attorneys, Two in the Top 10Jan. 21, 2011
- November 4, 2010
- Oct. 25, 2010
- Forty-Six Robinson Bradshaw Attorneys Named North Carolina Super Lawyers, North Carolina Rising Stars for 2010Jan. 28, 2010
- Jan. 13, 2010
- Aug. 10, 2009
- Sept. 19, 2008
- Sept. 7, 2007
- Sept. 6, 2006
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