Adam Gordon

Adam P. Gordon



Adam Gordon is a partner in Nixon Peabody’s Project Finance and Public Finance group. His practice concentrates on infrastructure, economic development, and project finance. Adam serves as bond counsel, disclosure counsel, underwriters’ counsel, and bank counsel on tax-exempt and taxable bond issuances. He has worked on private activity, nonprofit, housing, transportation, pooled lending, waste management, and public power financings, and has written and published articles on public finance topics.

What do you focus on?

Economic Development

I have significant experience representing industrial development agencies and local development corporations in New York State, including the New York City Economic Development Corporation. In my economic development practice, I draft and negotiate leases, loan agreements, mortgages, bond indentures, PILOT documentation, escrow agreements, guaranties, and offering documents in connection with tax benefit transactions and conduit financings. My knowledge of the New York State Industrial Development Agency statutory framework has allowed me to assist with the development and implementation of new programs while helping my clients find solutions. I have often served as bond counsel and underwriters’ counsel on financings undertaken by the Dormitory Authority of the State of New York and the Empire State Development Corporation for New York State economic development programs.

Transportation/Infrastructure

Much of my practice is devoted to transportation finance. As bond counsel to the New York Metropolitan Transportation Authority (MTA) and the Triborough Bridge and Tunnel Authority, I draft and review financing documents and manage and execute complex transactions. These include new money issuances, refundings, direct purchases, and remarketings. I have also served as special disclosure counsel to MTA and have experience coordinating the preparation and dissemination of disclosure materials in accordance with federal securities laws. In addition, I serve as bond counsel to New York City Municipal Water Finance Authority and have served as underwriters’ counsel for securities issued by The Port Authority of New York and New Jersey.

Bank Counsel

In my bank counsel practice, I often represent financial institutions issuing standby bond purchase agreements to support tax-exempt bonds in various sectors. I also have experience negotiating credit facilities and representing lenders in the direct purchase of privately placed debt.

Project Finance

I have worked on several high profile project financings in the capacity of bond counsel, underwriters’ counsel and borrowers’ counsel.

What do you see on the horizon?

The COVID-19 pandemic has brought challenges that require creative and pragmatic solutions for our clients. I am closely following legislative efforts to provide new and expanded financing tools for state and local governments to help our clients navigate the pandemic. In addition, the pandemic has caused issuers of municipal securities to reevaluate disclosure practices, and I am actively monitoring guidance from the Securities and Exchange Commission.

I am also following developments with respect to the expected phase-out of LIBOR, which will impact trillions of dollars in outstanding loans and financial contracts.

Selected Publications/Presentations

Panelist, “LIBOR is ending - Are you prepared for the transition?” NP Webinar, June 24, 2020

“Suggested Best Practices for Municipal Issuers in Light of Recent Enforcement Trends,” Journal of Taxation and Regulation of Financial Institutions, Volume 24, Number 5, May/June 2011

Representative Experience

  • Served as co-bond counsel to the Metropolitan Transportation Authority in connection with the issuance of Transportation Revenue Bonds and bond anticipation notes, including the second transaction purchased by Municipal Liquidity Facility LLC.
  • Served as co-bond counsel to Empire State Development Corporation in connection with over $6 billion of state sales tax and personal income tax revenue bonds.
  • Served as project counsel to New York City Industrial Development Agency in connection with the acquisition, renovation, and equipping of facilities for life sciences, manufacturing, and commercial use.
  • Served as underwriter’s counsel in connection with a taxable bond financing for a 501(c)(3) corporation.
  • Served as bank counsel to numerous lenders in connection with the restructuring of a major health system’s variable rate debt.
  • Served as borrower’s counsel in connection with a project financing for a proton cancer treatment facility.
  • Represented a major financial institution in connection with a portfolio purchase of tax-exempt bonds.
  • Represents conduit issuers and borrowers across the country in taxable and tax-exempt financings.
  • Serves as a volunteer attorney for the Harlem Youth Court.

People on the move

Crain’s New York | February 05, 2021

New York City Project Finance & Public Finance partner Adam Gordon was included in this roundup of notable executive news for his promotion to partner.

Gordon and Turner-Bond Make Partner at Nixon Peabody

The Bond Buyer | January 29, 2021

This article features New York partner-elect Adam Gordon and Los Angeles partner-elect Jade Turner-Bond, both of the Project Finance & Public Finance group, highlighting their Feb. 1 promotions to partner, their practice work, and their community involvement. Managing partner and CEO Andrew Glincher is quoted on the firm’s diverse pipeline of talent and the resilience of this year’s partner class.

New York State's over $2.1 PIT bond sale should see demand, analysts say

The Bond Buyer | December 14, 2020

This article mentions the firm as co-bond counsel to Empire State Development Corporation’s scheduled issuance of PIT bonds on behalf of New York State in a competitive deal to fund capital projects, for the work by New York City partner Chris Reitzel, counsel Abbie Olsen and associates Adam Gordon and Kate Stack, and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all in the Project Finance & Public Finance group.

DASNY sells over $2.5B of PIT bonds; munis unchanged in face of large supply

The Bond Buyer | October 08, 2020

This article on the state of the municipal bond market covers the Dormitory Authority of the State of New York’s sale of almost $2.5 billion of personal income tax receipt bonds. The firm is mentioned as bond counsel for the work by New York partners Chris Reitzel and Virginia Wong, and associates Adam Gordon and Kate Stack; Albany counsel Jeff Pohl; and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all of the Project Finance & Public Finance group.

Contact

Adam Gordon

Partner

New York

Phone: 212-940-3023


Fax: 844-558-0649

New York Law School, J.D., cum laude; Notes and Comments Editor, New York Law School Law Review, 2010–2011

Hamilton College, B.A., Government, cum laude

New York

New Jersey

Adam was named to the 2022 list of “Ones to Watch” by The Best Lawyers in America© for Municipal Law and Transportation Law in New York, NY.
National Association of Bond Lawyers
Back to top