Liz Columbo represents governments and public authorities, issuers, underwriters, financial institutions, and investors on tax-exempt and taxable financings for a variety of public infrastructure projects, with an emphasis on public power, transportation, multi-family housing facilities, as well as stadiums and arenas. She also advises clients with respect to regulatory developments and disclosure practices.
I focus my practice on four main sectors, leveraging more than 20 years of experience to help clients manage their most complex transactions.
Much of my work involves serving as bond counsel, disclosure counsel, or underwriters’ counsel on financings for public power clients across the country, including the Florida Municipal Power Agency, South Carolina Public Service Authority (Santee Cooper), the Power Authority of the State of New York, the Massachusetts Municipal Wholesale Electric Company, Long Island Power Authority, Nebraska Public Power District, and JEA (Jacksonville, Florida), among others. My work includes public offerings, private placements and 144A financings, system and project financings, tax-exempt and taxable financings, secured and unsecured debt, senior and subordinated debt, fixed-rate and variable-rate debt, and derivatives. I have experience drafting disclosure documents, financing agreements, resolutions and trust indentures, escrow agreements, forward purchase and bond purchase contracts, letters of credit, continuing disclosure documents, and interest rate exchange agreements.
I have worked as bond counsel or disclosure counsel for the New York Metropolitan Transportation Authority (MTA) and the Triborough Bridge and Tunnel Authority for over 25 years, including on the MTA’s landmark $17.32 billion bond restructuring program. I take pride in my ability to work as a team with my colleagues in the Public Finance group on transportation projects funded in whole or part by federal grants and loans, including Transportation Infrastructure Finance and Innovation Act (TIFIA) loans, federal highway trust fund moneys, and full funding grant agreements.
I am experienced in representing governmental as well as private entities in tax-exempt and taxable debt financings involving the National Football League (NFL), Major League Baseball (MLB), and National Basketball Association (NBA) teams and their stadiums and arenas. This experience includes work on the stadium financings for the Yankees, Mets, Giants, Jets, Twins, and Nets and representation of the County of Erie, New York, in connection with the Buffalo Bills lease and related Ralph Wilson stadium renovations and the County of Loudoun, Virginia, in connection with the Loudoun United FC lease and soccer facilities financing.
I represent multi-family housing facilities in various financings, including the New York State Housing Finance Agency. My experience includes tax-exempt commercial paper programs; variable, auction-rate, and option bonds; multiple forms of revenue bond financings, including many supported by various types of credit facilities; debt restructurings; pooled loan transactions; and derivative products, such as interest rate swaps.
I spend a significant portion of my practice advising clients on regulatory developments and their compliance requirements. We serve as disclosure counsel (and often in our role as bond counsel) for some of the largest issuers of municipal debt throughout the United States and regularly advise clients with respect to their primary and secondary market disclosure responsibilities. I currently serve as counsel to the Bond Dealers of America, tracking all regulatory and practice developments within the municipal markets, drafting comments to regulatory organizations regarding regulatory developments, and preparing memoranda and other communications to assist municipal market professionals.
Increasing guidance and regulatory oversight, designed to improve disclosure and increase transparency in the municipal securities market, will continue to impact all municipal market participants. I follow these actions closely to educate our clients about the implications of these actions and advise them of their changing disclosure and compliance responsibilities so they can avoid being targeted by regulators.
This article covers the Triborough Bridge and Tunnel Authority of New York’s plan to sell $300 million of tax-exempt green bonds, which will be used to finance transit and commuter projects in New York City. The article mentions NP for serving as bond counsel in the sale. The NP team includes New York City partners Liz Columbo and Adam Gordon, Washington, DC partner Carla Young, New York City senior counsel Ken Lind, and New York City associates Paul Dewey, Georgia Sackey, and Katharine Stack, all of the Project Finance & Public Finance practice.
This article covers the Massachusetts Municipal Wholesale Electric Company closing on a $15 million issuance of green bonds to complete the long-term financing of a solar project that will help six participating utilities meet the state’s upcoming emission targets. The article mentions NP for serving as bond counsel in the deal. The NP deal team was led by New York City partner Liz Columbo and included Washington, DC partner Mitch Rapaport, New York City counsel Barry Rothchild, New York City associate Paul Dewey, and senior paralegals Carolyn Yi-Medina and Patrick McGovern, all of the Project Finance & Public Finance practice.
This article recognizes New York City Project Finance & Public Finance partner Liz Columbo as one the publication’s “Notable Women in Law” for 2023, honoring New York City attorneys who have performed consequential legal or pro bono work, served as mentors, promoted inclusivity, and assumed leadership roles in civil or philanthropic endeavors.
This article covers client Triborough Bridge and Tunnel Authority’s $765 million Payroll Mobility Tax Senior Lien Refunding Green Bonds, which were priced Thursday in the primary market. The NP team serving as bond counsel on this deal includes New York City partners Ken Lind, Liz Columbo, and Adam Gordon; Washington, DC partner Carla Young; New York City counsel Abigail Olsen; and New York City associates Kate Stack, Paul Dewey, and Georgia Sackey, all of the Project Finance & Public Finance practice.
Brooklyn Law School, J.D., 1994
Fordham University, B.A.
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