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, transportation, K-12 and higher education, student loan securitizations, utility securitizations, public power systems, facilities for nonprofit organizations, and multifamily housing. 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

• Disclosure counsel to the Oklahoma Development Finance Authority in connection with several issuances of ratepayer-backed bonds allowing electric and natural gas utility companies to recover extreme energy costs incurred by customers during Winter Storm Uri in 2021.
• Bond 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 State of Rhode Island in connection with primary market disclosures and ongoing continuing disclosure compliance
• Private lender’s counsel in connection with the direct purchase of tax-exempt and taxable bonds, establishing lines of credit, and other types of facilities to finance higher education and K-12 school projects.
• Bond counsel to the Rhode Island Student Loan Authority in connection with student loan securitizations.
• 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

In addition to challenges faced by public finance market participants in the current economic environment, the lasting effects of the COVID-19 pandemic should be carefully considered when preparing disclosure materials in order to give investors a fair and accurate portrayal of an issuer’s current 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