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Virginia Wong



Virginia Wong is head of the firm’s Infrastructure Finance team and a member of the firm’s Project Finance and Public Finance practice group. Ms. Wong represents both issuers and underwriters in a full range of transactions, including public offerings and private placements and, in particular, project bond transactions, securitizations, and tax-exempt revenue bond financings.

What do you focus on?

I serve as bond counsel to the New York City Municipal Water Finance Authority, the Sales Tax Securitization Corporation (Chicago), the Puerto Rico Aqueducts and Sewer Authority, the Metropolitan Washington Airports Authority (Dulles Toll Road Enterprise Fund), and the Puerto Rico Fiscal Agency and Financial Advisory Authority. I’ve also served as bond counsel to the Dormitory Authority of the State of New York in financings for the State University of New York, Columbia University, Rockefeller University, and Teachers College.

My experience includes representing cultural facilities and not-for-profit corporations in their exempt offerings, including Pace University, The Rockefeller Foundation, Lincoln Center for the Performing Arts, the Whitney Museum of American Art, The Juilliard School, Carnegie Hall, Alvin Ailey Dance Foundation, The Metropolitan Opera, and the New York Botanical Garden.

I have represented the United States Department of Transportation with respect to its Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program for transportation projects in New York, California, Texas, North Carolina, Virginia, Kentucky, Florida, Ohio, and Colorado. My representations in public-private partnership (P3) financings include the Puerto Rico Highways and Transportation Authority, the Los Angeles Airport People Mover project, C-70 and the Denver Eagle projects in Colorado, and the Goethals Bridge in New York.

I also lead in the firm’s representation of the Puerto Rico Sales Tax Financing Corporation in connection with the restructuring of more than $18 billion in outstanding bonds.

What do you see on the horizon?

There is growing recognition of the need for the public and private sectors to join forces to tackle the nation’s infrastructure challenges. We are developing strategies to combine the strengths of both these sectors to create efficient and cost-effective alternative delivery methods for infrastructure projects.

Presentations

  • “Innovative and Best Practices in Pursuing Public Financing for Water/Wastewater Systems,” Asset Management and Utility Finances Specialty Conference, Albany, NY, November 15, 2018

Nixon Peabody taps Wong for project finance lead

IJ Global | July 29, 2022

This article covers the selection of New York City partner Virginia Wong to lead NP’s nationally renowned Project Finance & Public Finance practice. The article also quotes PFIRE department head Michael Goldman and mentions New York City Project Finance & Public Finance partner Ken Lind as the former PGL.

Wake up call

Bloomberg Law | July 27, 2022

The following coverage highlights the arrival of New York City partner Johnny Hutchinson to the firm’s Project Finance & Public Finance practice, noting his deep experience with public-finance tax issues. The Bond Buyer article also quotes Project Finance & Public Finance practice group leader Virginia Wong and New York City office managing partner Ilana Kameros.

Prominent tax lawyer Hutchinson joins Nixon Peabody

The Bond Buyer | July 26, 2022

The following coverage highlights the arrival of New York City partner Johnny Hutchinson to the firm’s Project Finance & Public Finance practice, noting his deep experience with public-finance tax issues. The Bond Buyer article also quotes Project Finance & Public Finance practice group leader Virginia Wong and New York City office managing partner Ilana Kameros.

Muni vet Wong to lead Nixon Peabody's project finance practice

Bond Buyer | July 14, 2022

This article covers the selection of New York City partner Virginia Wong to lead NP’s nationally renowned Project Finance & Public Finance practice. Among the projects mentioned, the article highlights Virginia’s work leading the team that served as bond counsel on the restructuring of more than $33 million in Puerto Rico debt this year, the largest municipal restructuring in US history. PFIRE department head Michael Goldman is also quoted in the article recognizing the contributions and successes of former PGL, New York City Project Finance & Public Finance partner Ken Lind.

Wake up call

Bloomberg Law | July 12, 2022

This roundup of legal industry moves and hires includes New York City partner Virginia Wong’s promotion to Project Finance & Public Finance practice group leader.

JFK's new Terminal One will look to bond marketing for long-term financing

Bond Buyer | June 17, 2022

This article covering financing for John F. Kennedy International Airport’s new Terminal One, including plans to tap the municipal bond market for future phases of the project, mentions NP for serving as underwriter counsel representing Citi. The NP team involved in the project includes New York City partners Chris Reitzel, Virginia Wong, Ken Lind, and Roddy Devlin, and associates Kate Stack of New York and Dia Walrath of San Francisco, all of the Project Finance & Public Finance group

Puerto Rico's restructured bonds will be exempt, and provide fresh high-yield liquidity

The Bond Buyer | March 03, 2022

This article on Puerto Rico’s restructured general obligation bonds mentions NP for the firm’s determination that the bonds will be tax-exempt. The NP team is comprised of New York City partners Virginia Wong, Ken Lind, and Liz Columbo, and associate Sebastian Torres; Washington, DC partners Mitch Rapaport and Carla Young; and Los Angeles partner Angelica Valencia, all of the Project Finance & Public Finance group.

Santee Cooper approves $1.3 billion tender, exchange bond refunding

The Bond Buyer | February 09, 2022

This article on Santee Cooper’s board approving a $1.3 billion tender and exchange bond refunding mentions the firm for serving as disclosure counsel. The NP team representing the South Carolina-owned utility company includes partners Liz Columbo, Virginia Wong, and Barry Rothchild of New York, Mitch Rapaport of Washington, DC, and New York counsel Abigail Olsen and associate Sebastian Torres-Rodriguez, all of the Project Finance & Public Finance group. Washington, DC Corporate partner Lloyd Spencer and Los Angeles Project Finance & Public Finance partner Dan Deaton assisted with the analysis of securities laws related to the tender and exchange.

Virginia toll road refinancing bonds

Inframation News | January 11, 2022

This article on the refinancing of Elizabeth River Crossings’ bonds, which were used to modernize a river tunnel system in Virginia, mentions the firm for the work by New York City partners Virginia Wong and Roddy Devlin and Washington, DC partner Mitch Rapaport, all of the Project Finance & Public Finance group, for serving as bond counsel.

DASNY sells over $2.5B of PIT bonds; munis unchanged in face of large supply

The Bond Buyer | October 08, 2020

This article on the state of the municipal bond market covers the Dormitory Authority of the State of New York’s sale of almost $2.5 billion of personal income tax receipt bonds. The firm is mentioned as bond counsel for the work by New York partners Chris Reitzel and Virginia Wong, and associates Adam Gordon and Kate Stack; Albany counsel Jeff Pohl; and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all of the Project Finance & Public Finance group.

SUNY seeks near-term relief with $328.5M bond deal

The Bond Buyer | July 13, 2020

This article, covering the State University of New York’s sale of $328.5 million in federally taxable dormitory facilities revenue bonds, mentions NP as bond counsel. New York City Project Finance & Public Finance partner Virginia Wong and counsel Abigail Sterling Olsen worked with SUNY on the bond sale, which is intended to offset expected declines in student housing revenue due to the pandemic.

Contact

Virginia Wong

Partner
Practice Group Leader, Project Finance and Public Finance

New York

Phone: 212-940-3028


Fax: 866-947-2479

Pace University School of Law, J.D.

Niagara University, B.A., cum laude

New York

Virginia was selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2020 and 2021 in the field of Public Finance Law.

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