Explore Our Capabilities

Public Finance

Overview

Can Parker Poe close a financing for your organization? Yes we can. We have closed hundreds of transactions as bond counsel, underwriters’ counsel, issuer’s counsel and bank’s counsel in the governmental, higher education, health care and nonprofit sectors. But what really makes us stand out is that we view ourselves as innovative and thoughtful partners in achieving your goals. We work closely with our clients to be an integral part of your financing team, all with a goal toward meeting your specific objectives. Whatever the circumstances, our role as counsel is one of active participation rather than the more traditional role of simply answering legal questions. The breadth of our experience working with the most complex public organizations, coupled with a representation of all of the major banking firms working in our footprint, gives us a knowledge of the most current products and techniques available. We relish the opportunity to help you take a project from an idea to a reality. 

Parker Poe's Public Finance group received a National Tier 1 ranking by U.S. News & World Report and Best Lawyers for 2017.

Areas of Focus

Governmental Bonds

We work with a wide variety of governments throughout the Carolinas from the largest cities to the smallest towns and from the Blue Ridge Mountains to the coast.  Our representation includes the completion of traditional financings but also active counseling as any issues arise that related to capital financings.

We are proud of the fact that Parker Poe is the only firm to have served simultaneously as bond counsel for both the State of North Carolina general obligation bonds and those of the State of South Carolina. Parker Poe continues to serve as special tax counsel on all issuances of State of South Carolina general obligation bonds.  Representative local government clients for which we serve as bond counsel in North Carolina include, the cities of Charlotte, Winston-Salem, Durham, Asheville, and Wilmington and the counties of New Hanover, Dare, Buncombe, and Chatham.  Representative clients in South Carolina for which we serve as bond counsel include the counties of Clarendon, Bamberg, Barnwell, and Fairfield, the town of Kingstree and school districts including Rock Hill School District No. 3.  We have also represented a wide range of investment banking firms for financings for the North Carolina local governments, including the City of Raleigh, the Town of Cary, the counties of Durham, Randolph and Bertie County, and for South Carolina local governments including the City of Columbia and Charleston County.

The firm has been the #1 firm in North Carolina in public finance for both 2012 and 2013, as measured by The Bond Buyer.  One of the financings for which we served as bond counsel was recognized by The Bond Buyer as the “Southeast Deal of the Year” for 


Healthcare Bonds

Parker Poe works as bond counsel, borrower’s counsel, bank counsel and underwriter’s counsel in all types of transactions.  We regularly advise the North Carolina Medical Care Commission and the South Carolina Jobs-Economic Development Authority with regard to various issues relating to financings, policies, etc. 

Our bond practice is complemented by the firm’s health care practice to cover all needs of all health care entities.  Representative clients for which we have served as bond counsel include Wake Med, Appalachian Regional Healthcare System, Inc., Aldersgate and Penick Village.  We have routinely represent banking firms in financings for a variety of educational institutions, including FirstHealth of the Carolinas, University Health Systems of Eastern Carolina and Duke University Health System.


Higher Education Bonds

We work with institutions of higher education, both public and private, in the Carolinas and well beyond.  We serve as bond counsel to 14 of the 16 constituent institutions of higher education in the University of North Carolina system, as well as many private universities and colleges including Wake Forest University, Meredith College, Lenoir-Rhyne College and Queens University.  We routinely represent banks and underwriters in financings for educational institutions, including Davidson College, George Washington University, Catholic University and Wofford College. 

Non-Profit and Charter School Bonds

Parker Poe has served as bond counsel, underwriter’s counsel, bank counsel and borrower’s counsel for nonprofit organizations, including private secondary schools, charter schools, YMCAs and other charitable organizations.  In order to help them benefit from tax-exempt  financings through the North Carolina Capital Facilities Finance Agency and out-of-state conduit issuers including the Public Finance Authority.

Representative Experience

Parker Poe provides counsel to a wide spectrum of public finance clients that include the states of North Carolina and South Carolina, their cities, counties, school districts, public and private colleges and universities, hospitals, and other nonprofits, such as private and charter schools, continuing care retirement communities and others engaged with financing public sector capital projects. Our attorneys have been involved in numerous general obligation, revenue, limited obligation, certificate of participation, health care facility and industrial development bond financings throughout the country. The firm regularly serves as bond counsel to local governments in North Carolina and South Carolina and also represents banks and underwriters working in that footprint.

Parker Poe is also one of the few firms in the Carolinas to maintain a significant public finance practice in other states as counsel to major banking firms in public finance transactions. This breadth of experience allows our team to maintain currency with what is happening in the public finance markets across the country. Public finance lawyers have, for example, represented the firm in public finance transactions in California, Colorado, the District of Columbia, Florida, Georgia, Illinois, Kentucky, Massachusetts, Mississippi, New York, New Jersey, Ohio, Pennsylvania, South Carolina, Texas and Virginia. These transactions consist of general government financings issued as general obligations and revenue bonds, certificated installment financings, higher education financings and health care financings.

Innovation

Among the many things that we are proud of in our practice are the innovative financing structures that Parker Poe attorneys have been involved in to meet the ever‑changing needs of our clients. Some of those structures include:

  • First commercial paper financing for governmental units in North Carolina
  • Only firm to structure pension funding obligations in the Carolinas
  • First variable-rate general obligation bond and revenue bond issued in North Carolina
  • First publicly offered certificate of participation financing approved by the North Carolina Local Government Commission
  • First installment purchase revenue bond financing for a school district in South Carolina
  • First pool financing for the University of North Carolina system
  • First county tax increment financing in the state of South Carolina
  • First financing for a solid waste authority under new North Carolina legislation allowing counties to create solid waste authorities
  • First taxable financing ever undertaken by a University of North Carolina campus

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Professionals

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