Graham Beck, a partner in Nixon Peabody’s Project Finance and Public Finance group, represents municipal and nonprofit issuers and underwriters of municipal securities in a wide range of tax-exempt and taxable offerings. He advises clients on public offerings and private placements serving as bond, underwriters’, and disclosure counsel.
Much of my work involves assisting municipalities and joint action agencies in their issuance of tax exempt debt to finance the construction and rehabilitation of hydroelectric, biofuel, wind, and coal-burning electric generation facilities. I also assist municipalities fulfill their long-term energy needs through prepayment for natural gas and electricity, and renewable electricity supplies in order to pass those savings along to their ratepayers.
Some of my favorite projects have been working with California’s K-12, school districts, charter schools, and community college districts to finance the construction and rehabilitation of schools to better meet the needs of their students and the community. I have assisted multiple educational agencies through the election process to win voter approval for their bond issuance and have experience with a variety of financing options available to California school districts, including bonds authorized under Proposition 39 and the traditional authority, Mello-Roos financings, certificates of participation and lease revenue bonds,TRANs, and other financing mechanisms.
As disclosure counsel or underwriters’ counsel, I provide strategic advice to municipalities, school and special districts, national and regional investment banking firms underwriting municipal bonds, and others to assist with their compliance with SEC and MSRB rules and regulations, including the disclosure requirements of federal securities laws.
The COVID-19 pandemic has upended all of our daily lives, and financing plans have been no exception. Many California local educational agencies find themselves in need of interim financing and temporary borrowing options to plan for the upcoming years, in addition to the challenges posed by distance learning. Utilities have had to adapt to changes in demand and the hardships of major industries in their region. These challenges have impacted financing plans and make it a necessity for governmental agencies to be aware of the impacts to properly craft appropriate disclosures.
The Bond Buyer | April 29, 2021
This article, on the California School Finance Authority’s borrowing program created to help school districts manage pandemic-driven budget deferrals, mentions NP as disclosure counsel for notes issued in March and April for elementary, high school, and community college districts. Los Angeles partners Rudy Salo and Dan Deaton, and San Francisco partners Travis Gibbs and Graham Beck, all of the Project Finance & Public Finance group, advised CSFA in this deal. Update: New York Bankruptcy & Restructuring partner Robert Christmas also advised CSFA in this deal.
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