Our securitizations team brings unmatched insight and depth of understanding to each transaction we take on.
Securitizations—the conversions of assets into marketable securities—are complicated, multifaceted transactions that require the coordination of many different legal areas of focus.
NP is one of the most active firms in securitizations, including tobacco settlement revenue, electric and gas charges, and other municipal securitizations. We are familiar with the many structures and types of issuers involved in these transactions.
Using an integrated approach, NP attorneys prepare statutes and documentation that satisfy the true sale and bankruptcy remote requirements for these structures, and deliver opinions required by market and rating agencies. With our experience, we successfully address the issues that these transactions raise.
Our attorneys have long been leaders in the creation of market standards, including serving as bond counsel in the very first settlement with tobacco companies in 1999.
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