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.
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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