Corporate Trust

We use our broad market experience to guide corporate trustees, helping them grow their business while managing risk.

Our approach

The business of corporate trust is changing dramatically across global markets.

Recent market disruptions have created both obstacles and opportunities for players in all areas of the industry. Our job is to guide our clients through this evolving landscape with experience, insight and action.

We understand our clients, how they operate and, most importantly, the value of their customer relationships. We also understand their need to anticipate and avoid hazards. We make it our business to see the whole picture.

Our advice is clear, efficient, constructive and incisive, no matter how complex the task. Our clients turn to us in all types of financial products and assignments from start to finish, including

  • Securitization (ABS, CDO, CLO, CMBS, RMBS, SIV, etc.)
  • Municipal debt
  • Corporate debt
  • Project finance
  • Leveraged lease
  • Loan servicing
  • Loan agency
  • Matters involving regulatory compliance, internal departmental policies and procedures, government investigations, litigation, and bankruptcy

Our core team knows this business inside out, with a full support team of litigation, bankruptcy, securities and tax attorneys who are experienced in corporate trust, finance and securitization.

We provide creative and practical guidance in fighting the battles that need to be fought—while  keeping your business moving forward productively and profitably.

Who we work with

  • Trustee banks
  • Administrative agents and loan agents
  • Master servicers and securities administrators
  • Collateral agents and collateral administrators
  • Off-shore issuers, custodians and specialty fiduciary service providers

Representative Experience

  • Representation of Trustee on multiple transactions involving downgrade of Counterparties on ISDA Agreements (Swap/Cap/Hedge Agreements).
  • Representation of Trustee and Custodian in transactions involving complex, multi-tiered grantor trust, REMIC trust and owner trust structures. We also represent the same client in related transactions involving additional grantor and REMIC trusts, as well as in their capacity as bailee and account bank for transitional periods.
  • Represent indenture trustees in foreclosing upon and liquidating over 40 CDOs and CLOs having an aggregate original face value of over $20 billion dollars.
  • Represent indenture trustee, administrative agent, and collateral agent with respect to approximately $2.5 billion dollars in debt secured by more than a dozen power plants in the Calpine bankruptcy cases in New York.

Deal diary-Blackstone and KKR chalk up more insurance investments

The Deal | July 15, 2021

In two separate articles, the publication highlighted the firm for advising American International Group, Inc. in the pending sale of a $5.1 billion affordable housing portfolio to Blackstone Real Estate Income Trust. Washington, DC Community Development Finance partner Liz Young is noted in one of the stories for leading the NP deal team.

In addition to Liz, the NP team includes Affordable Housing & Real Estate partner Dara Histed, Project Finance & Public Finance partner Carla Young, Community Development Finance senior counsel Jeff Lesk, and Corporate partner John Partigan, all of Washington, DC; Global Finance partner Amanda Darwin, Affordable Housing & Real Estate associates Julie Stande and Ali Walendziak, and Community Development Finance associate Nury Aguasvivas, all of Boston; Affordable Housing & Real Estate associate Emily Schwebke and Project Finance & Public Finance resident attorney Jacalyn Smith, both of Chicago; Manchester Affordable Housing & Real Estate associate Talia Burghard; Long Island Affordable Housing & Real Estate paralegal Lori Esposito; and Los Angeles Corporate paralegal Mina Gonzaque-Taylor.

Cook County mulls securitization as revenue bonds face pressure

The Bond Buyer | June 11, 2019

New York City Financial Restructuring and Bankruptcy partner Robert Christmas is quoted in this story for his role as counsel to the city of Chicago in a tax securitization matter. Cook County may now emulate the securitization structure Chicago used.

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