Sebastian Torres-Rodriguez

Sebastian Torres-Rodriguez

Sebastian Torres-Rodriguez, an attorney in our Project Finance and Public Finance practice group, represents issuers, underwriters, and borrowers on a variety of public finance transactions. Sebastian previously worked as a Senior Legal Advisor for the Puerto Rico Fiscal Agency and Financial Advisory Authority (“AAFAF”) representing the Government of Puerto Rico and its instrumentalities on all matters related to PROMESA, including multiple debt restructuring and public finance matters, and was also general counsel to the Puerto Rico Sales Tax Financing Corporation during the issuance of its restructured sales tax bonds in 2019.

What do you focus on?

Based on my past experience as legal advisor to distress issuers, I have a deep understanding of the stringent regulatory environment for municipal securities. I supervised multiple issuers to ensure compliance with tax and disclosure requirements, in both the primary and secondary market, and reviewed the underlying closing documents for outside-the-box transactions. This required thinking innovatively about financing and refinancing structures that suited the capital needs of the Government of Puerto Rico and its instrumentalities.

What do you see on the horizon?

Recently, challenges to municipal finance transactions have been on the rise. For example, the State of Illinois faces a legal suit challenging the validity of a portion of its general obligation debt. This appears to follow the precedent set in Puerto Rico, where a Fiscal Oversight and Management Board sought to invalidate some of the island’s general obligation bonds. In this constantly changing landscape, I strive to provide enduring legal counseling as bond counsel, disclosure counsel, and underwriter’s counsel so that our clients can achieve their capital objectives and feel confident in the face of any future challenge that might arise.


Sebastian Torres-Rodriguez


New York

Phone: 212-940-3072

Fax: 833-936-0842

University of Puerto Rico School of Law, J.D.

University of Puerto Rico, Rio Piedras, B.A.

New York

Bar of the Commonwealth of Puerto Rico

U.S. District Court, District of Puerto Rico


Back to top