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Bracewell’s understanding of the bond issuance process on top of our innovations in tax and securities law makes us a natural fit for the role of underwriter’s counsel to leading national and regional investment banking firms. When underwriters hire Bracewell to represent their interests with the purchase of a new issue of municipal securities, our approach is multi-faceted and cross-disciplinary. Not only do we review and draft documents, but we also pay special attention to ever-changing due diligence requirements, anti-fraud matters, Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB) regulations and decisions, and evolving disclosure matters to ensure that all requirements are met. Our clients benefit from our broad knowledge of the tax regulations and implications, post issuance compliance and securities regulations.

Experience

Recent Notable Matters

City of New York, New York — co-underwriter’s counsel in connection with the issuance of $1.2 billion aggregate principal amount of General Obligation Bonds of the City of New York, NY, Fiscal 2019 Series D, Subseries D-1 through D-4 and, $154.530 million aggregate principal amount of remarketed Fiscal 2008 Series J, Subseries J-3 and J-11 Bonds, dated December 18, 2018, which consisted of $700 million aggregate principal amount of Series D, Subseries D-1 tax-exempt fixed rate serial bonds issued for capital purposes; $223.255 million aggregate principal amount of Series D, Subseries D-2 taxable fixed rate serial bonds issued for capital purposes; $126.745 million aggregate principal amount of Series D, Subseries D-3 taxable fixed rate serial bonds issued for capital purposes; $150 million aggregate principal amount of Series D, Subseries D-4 tax-exempt adjustable rate term bonds issued for capital purposes; and $154.530 million aggregate principal amount of remarketed Fiscal 2008 Series J, Subseries J-3 and J-11 Bonds

New Hope Cultural Education Facilities Finance Corporation — underwriter’s counsel in connection with the issuance of  $330.810 million Hospital Revenue Bonds (Children's Health System of Texas Project) Series 2017

City of Austin, Texas underwriter’s counsel in connection with the issuance of $63.580 million Public Improvement Bonds, Series 2017; $5.075 million Public Property Finance Contractual Obligations, Series 2017; $29.635 million Certificates of Obligation, Series 2017; and $25 million Public Improvement Bonds, Taxable Series 2017

Baylor Scott & White Holdings — underwriter’s counsel in connection with the issuance of $534.785 million of Taxable Bonds, Series 2016

City of San Antonio, Texas — underwriter’s counsel in connection with the issuance of $194.175 million General Improvement and Refunding Bonds, Series 2016; $84.855 million of Combination Tax and Revenue Certificates of Obligation, Series 2016; $24.83 million of Combination Tax and Revenue Certificates of Obligation, Taxable, Series 2016; and $27.41 million of Tax Notes, Series 2016

Harris County Cultural Education Facilities Finance Corporation — underwriter’s counsel in connection with the issuance of $211.035 million Thermal Utility Revenue Refunding Bonds (TECO Project), Series 2017 and $67.610 million First Mortgage Revenue Bonds (Brazos Presbyterian Homes, Inc. Project), Series 2016

North East Texas Regional Mobility Authority — underwriter’s counsel in connection with the issuance of $124.735 million of Senior Lien Revenue Bonds, Series 2016A and $56.615 million Subordinate Lien Revenue Bonds, Series 2016B

City of Garland, Texas — underwriter’s counsel in connection with the issuance of $48.310 million Water and Wastewater System Revenue Refunding, Series 2018 and $31.985 million EUS Revenue Refunding Bonds, Series 2018

Harris County Cultural Education Facilities Finance Corporation — underwriter’s counsel in connection with the issuance of $459.205 million of Hospital Revenue Bonds (Memorial Hermann Health System), Series 2016A, Series 2016B-1 (CP Mode), Series 2016C, Series 2016D, Series 2016E, Series 2016B-2 (CP Mode) and Series 2016B-3 (CP Mode)

Harris County, Texas underwriter’s counsel in connection with the issuance of $137.945 million Permanent Improvement Refunding Bonds, Series 2017A; $35.580 million Unlimited Tax Road Refunding Bonds, Series 2017A; and $168.1 million Harris County Flood Control District Contract Tax Refunding Bonds, Series 2017A

City of Denton, Texas underwriter’s counsel in connection with the issuance of $214.890 million Utility System Revenue Bonds, Series 2017

Lower Colorado River Authority — underwriter’s counsel in connection with the issuance of $190.04 million of Transmission Contract Refunding Revenue Bonds (LCRA Transmission Services Corporation Project), Series 2016

Fort Bend County, Texas — underwriter’s counsel in connection with the issuance of $75.34 million of Unlimited Tax Road and Refunding Bonds, Series 2016A

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