Noah M. Lebowitz

/My focus

My practice focuses on assisting clients with a wide variety of financings, including to support infrastructure and capital improvement projects for state and local governments, public power systems, transportation agencies, higher education and facilities for nonprofit organizations.  I also focus on securitization bond issuances, including bonds backed by utility ratepayers and student loans.  In addition to negotiating and drafting the underlying finance and disclosure documents for public finance transactions, I counsel clients with respect to evolving regulatory developments involving primary and secondary market disclosures.

/Representative experience

• Bond counsel to the Long Island Power Authority in connection with the issuance of revenue bonds and notes to finance public power infrastructure projects, and bond counsel to its Utility Debt Securitization Authority in connection with the issuance of securitization bonds.
• Bond counsel to Grand River Dam Authority (Oklahoma) in connection with the issuance of revenue bonds to finance public power infrastructure projects.
• Bond counsel and disclosure counsel to Loudoun County, Virginia, and the Economic Development Authority of Loudoun County in connection with the issuance of general obligation and revenue bonds to finance infrastructure and government facilities projects.
• Disclosure counsel to the South Carolina Public Service Authority (“Santee Cooper”) in connection with its issuance of $1,310,055,00 Revenue Obligations in July 2024.
• Bond counsel to the Rhode Island Student Loan Authority in connection with the issuance of AMT and taxable student loan securitization bonds.
• Lender’s counsel to the DC Green Bank in connection with loan facilities for solar and other green energy projects in the District of Columbia.
• Disclosure counsel to the Oklahoma Development Finance Authority in connection with four separate issuances of ratepayer-backed bonds allowing electric and natural gas utility companies to recover extreme energy costs incurred by customers during severe winter storms.
• Bond counsel and disclosure counsel to the Metropolitan Washington Airports Authority in connection with the issuance of Dulles Toll Road Revenue Bonds to finance transit projects.

/Looking ahead

From cybersecurity events to extreme weather, public finance market participants are increasingly facing a dynamic and complex risk matrix that must be carefully considered when preparing disclosure materials in order to give investors a fair and accurate portrayal of an issuer’s financial condition and management’s expectations for future performance.

/Insights

• “SEC releases coronavirus (COVID-19) disclosure guidance for issuers of municipal securities,” Nixon Peabody Client Alert, May 11, 2020
• “Clayton calls for meaningful coronavirus (COVID-19) disclosure,” Nixon Peabody Client Alert, April 15, 2020
• “SEC staff releases antifraud guidance for public statements made by issuers of municipal securities,” Nixon Peabody Client Alert, February 14, 2020
• “SEC adopts Amendments to Rule 15c2-12 to add events for which notice must be provided,” Nixon Peabody Client Alert, August 27, 2018
• “Demand for Esports-Friendly Venues to Grow,” GlobeSt.com, February 22, 2018