Adam Gordon is a partner in Nixon Peabody’s Project Finance and Public Finance group. His practice concentrates on infrastructure, economic development, and project finance.
Adam serves as bond counsel, disclosure counsel, underwriters’ counsel, and bank counsel on tax-exempt and taxable bond issuances. He has worked on private activity, nonprofit, housing, transportation, pooled lending, waste management, and public power financings, and has written and published articles on public finance topics.
I have significant experience representing industrial development agencies and local development corporations in New York State, including the New York City Economic Development Corporation. In my economic development practice, I draft and negotiate leases, loan agreements, mortgages, bond indentures, PILOT documentation, escrow agreements, guaranties, and offering documents in connection with tax benefit transactions and conduit financings. My knowledge of the New York State Industrial Development Agency statutory framework has allowed me to assist with the development and implementation of new programs while helping my clients find solutions. I have often served as bond counsel and underwriters’ counsel on financings undertaken by the Dormitory Authority of the State of New York and the Empire State Development Corporation for New York State economic development programs.
Much of my practice is devoted to transportation finance. As bond counsel to the New York Metropolitan Transportation Authority (MTA) and the Triborough Bridge and Tunnel Authority, I draft and review financing documents and manage and execute complex transactions. These include new money issuances, refundings, direct purchases, and remarketings. I have also served as special disclosure counsel to MTA and have experience coordinating the preparation and dissemination of disclosure materials in accordance with federal securities laws. In addition, I serve as bond counsel to New York City Municipal Water Finance Authority and have served as underwriters’ counsel for securities issued by The Port Authority of New York and New Jersey.
In my bank counsel practice, I often represent financial institutions issuing standby bond purchase agreements to support tax-exempt bonds in various sectors. I also have experience negotiating credit facilities and representing lenders in the direct purchase of privately placed debt.
I have worked on several high profile project financings in the capacity of bond counsel, underwriters’ counsel and borrowers’ counsel.
The COVID-19 pandemic has brought challenges that require creative and pragmatic solutions for our clients. I am closely following legislative efforts to provide new and expanded financing tools for state and local governments to help our clients navigate the pandemic. In addition, the pandemic has caused issuers of municipal securities to reevaluate disclosure practices, and I am actively monitoring guidance from the Securities and Exchange Commission.
I am also following developments with respect to the expected phase-out of LIBOR, which will impact trillions of dollars in outstanding loans and financial contracts.
Hamilton College, B.A., Government, cum laude
New York Law School, J.D., cum laude; Notes and Comments Editor, New York Law School Law Review, 2010–2011
New York City Project Finance & Public Finance partner Adam Gordon is profiled as one of the publication’s “2022 Rising Stars,” recognizing the next generation of municipal finance professionals. The article highlights Adam’s work as bond counsel for the New York Metropolitan Transportation Authority and Triborough Bridge and Tunnel Authority, and quotes New York City Project Finance & Public Finance partner Ken Lind on Adam’s success.
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