Practices
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Value-Added Services
Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.
Advancing professional knowledge and offering credits for attorneys, staff and other professionals.
Helping clients respond correctly when a crisis occurs.
Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.
Leveraging law and technology to deliver sound solutions.
Delivering seamless service through partnerships across the globe.
Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.
Industry-leading conferences focused on affordable housing, tax credits, and more.
Providing actionable information to support strategic decision-making.
Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.
Offering a range of investment management and fiduciary services.
Bringing together companies and investors for tomorrow’s new deals.
Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.
Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.
Creating positive impact in our communities through increasing equity, access, and opportunity.
Sharone Levy serves as counsel in taxable and tax-exempt financings for municipalities, state universities, state agencies, transit systems, public utilities, airports, sewerage and solid waste facilities, multi-family housing, hospitals, universities, and other 501(c)(3) entities, including tax increment, unsecured, secured, and credit-enhanced public and private offerings. Sharone also regularly volunteers with Illinois Free Legal Answers.
My primary practice focuses on representing issuers, underwriters, purchasers, borrowers, and credit-enhancement providers in municipal financings, including counseling clients regarding business, tax, and securities compliance risks. I regularly draft, negotiate, and review various commercial contracts and agreements, including sales agreements, trust indentures, lease vendor agreements, credit agreements, security agreements, guarantees, promissory notes, board resolutions, offering documents, escrow agreements, term sheets, letters of credit, certificates, and legal opinions.
I advise commercial banks and other financial institutions in negotiating, documenting, and structuring secured and unsecured transactions, including acquisition financings, intercreditor agreements, and asset-backed financings. I focus on guiding clients and industry groups on best practice compliance initiatives and private use restrictions.
My specific interest in public finance stems from prior experiences working in state and local government and as a credit rating analyst. I enjoy partnering with municipalities and other borrowers to bring essential projects and economic opportunities to life.
Since joining Nixon Peabody I’ve expanded my practice to include counseling borrowers in distressed municipal debt transactions in ongoing compliance matters and structured refinancings. This includes advising corporate boards on the mechanics of ongoing IRS and SEC compliance obligations and negotiating with indenture trustees, bondholder representatives, and vendors on forbearance and other distressed financing alternatives. I’ve also broadened my practice to advise commercial banks in structured lending and asset-backed security transactions.
The IRS and SEC will continue to focus on compliance matters, including an increased interest in privately placed transactions. A continuing increased rate environment, combined with federal money from the Bipartisan Infrastructure Act, will contribute to lower numbers of new issuances and refundings for municipalities, but I anticipate continued demand by nonprofits to fund new projects and upgrades.
This article recaps the publication’s “Deal of the Year” being awarded to the City of Chicago and its Sales Tax Securitization Corporation (STSC) for a $1.7 billion financing to address initiatives related to affordable housing, homeless support services, environmental justice, and community development. NP served as bond counsel to STSC in connection with a social bonds component of the deal, which included issuance of $750 million of bonds. The NP team was led by New York City partner and Project Finance & Public Finance practice group leader Virginia Wong and included PBFN partner Carla Young and Corporate partner Lloyd Spencer, both of Washington, DC; counsel Abigail Olsen of New York City and Sharone Levy of Chicago; New York City associate Paul Dewey, and New York City senior paralegal Patrick McGovern, all of the PBFN practice. The article also mentions Virginia for receiving the Freda Johnson Award for the private sector, which recognizes trailblazing women working in public finance. Click here to watch Virginia’s acceptance speech.
Illinois
University of Iowa College of Law, J.D., with distinction; Articles Editor, Iowa Law Review; Burton Award for Legal Achievement, 2001
University of Chicago, Harris School of Public Policy Studies, M.A.
University of Pennsylvania, B.A.
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