Successfully Restructuring Public Debt to Achieve Financial Goals

This 28-page research report written for public finance lawyers and their clients features strategies for helping clients achieve the best possible deal in a public finance transaction. This report presents innovative ways for public finance lawyers to bring value to a transaction so that their clients are successfully able to restructure debt and achieve its financial goals. Various kinds of debt restructuring are discussed, along with the biggest challenges in public finance. Leading finance lawyers ask the key questions that should be answered before a refinancing decision is made and discuss the vast amount of work that must be undertaken before accomplishing a refunding.

Other topics include public offerings versus private placements; financial and operational covenants; fixed and variable rate debt; mergers and acquisitions; synthetic fixed rate; bonds and traditional fixed rate bonds; industrial development bonds or pollution control bonds; event of taxability; defaulted bond transactions; current and advance refunding; arbitrage; refunding escrow; interest rate swap; governmental entities; trust agreements; and settlement versus going to court.

This Executive Report is written by:

• Patricia Hunt Holmes, Partner, Vinson & Elkins LLP - Working with a New Client: Restructuring Their Public Debt Agreements
• Ursula H. Hyman, Partner, Latham & Watkins LLP - Debt Restructuring
• Patricia M. Curtner, Partner, Chapman and Cutler LLP - The Process of Debt Restructuring
• C. Richard Johnson, Partner & Chair, Public Finance Group; and George M. Mack, Of Counsel, Foster Pepper PLLC - Refunding Bonds
• Neal S. Millard, Partner, White & Case - Challenges in Restructuring Debt
• William L. Skees, Member, Frost Brown Todd LLC - Restructuring Debt

About Executive Reports:

Executive Reports offers focused, hard-hitting advice from the leaders of some of America's top companies, packaged in a concise, readable format. Each research report provides readers with 3 to 5 strategies that will have a direct financial impact on their business. While not meant as a comprehensive guide, each report includes quick-hit items that can immediately impact specific business strategies. Executive authors drill down to the central issues surrounding each topic area and dispense expert advice in concise, direct language. Executive Reports feature leading professionals selected by the Aspatore Editorial Board based on their experience, research, and standing within the professional community.