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Market-Leading Public Finance Practice

Our nationally recognized public finance practice is one of the largest and most experienced in the United States. We provide advice on major public financings throughout Texas and across the nation. Year over year, we rank among the leading public finance practices based on the number of deals and their size. In its 2023 Municipal Market Analysis, Refinitiv nationally ranked us:

  • #9 Bond Counsel
  • #9 Disclosure Counsel
  • #10 Underwriter’s Counsel
  • #15 Special Tax Counsel

In addition, U.S. News – Best Lawyers© has honored us as a national Tier 1 law firm for public finance law every year since 2013.

Such recognitions illustrate the depth of our experience, as well as the continued trust that our public finance clients put in us.

Our lawyers are highly adept in assisting clients with traditional and highly structured project finance conduit transactions involving airports, tollways, housing, industrial development, hospitals and healthcare facilities, retirement and nursing care facilities, higher education, private and public secondary schools, cultural and arts organizations, sports facilities, not-for-profit organizations, water and waste disposal facilities and state agencies.

We provide timely information on trends and challenges, in-depth understanding of state and federal laws, and insight into managing municipal challenges. We work with all types of public and private entities and understand the complexities inherent in providing bond, disclosure and tax counsel to issuers, underwriters, trustees, third-party credit providers and borrowers.

The diversity and depth of our team helps ensure that our clients receive the benefits of innovative best practices on every transaction. We structure finance options for our clients, such as traditional fixed rate new money transactions or complex project financings. We also help issuers take advantage of tax-exempt or tax-advantaged debt. We help configure tax-advantaged debt, address post-issuance compliance matters and Internal Revenue Service (IRS) examinations, secure IRS rulings, and advocate for regulatory and legislative rule changes.

Our lawyers hold leadership roles within the industry, including with the American College of Bond Counsel (ACBC), National Association of Bond Lawyers (NABL) and Women in Public Finance. In addition, 11 members of our public finance team are ACBC fellows.

Image: The Issue Spot


IMAGE: Plane outside of an airport

The Bracewell team is phenomenal. They look at the big picture and try and see all sides before providing a recommendation.

Chambers USA, 2023

Market-Leading Engagements

We have significant experience in all areas of public finance.

  • Baylor College of Medicine, as underwriter’s counsel to Barclays Capital Inc. and BofA Securities, Inc. in connection with the issuance of $208.020 million Harris County Cultural Education Facilities Finance Corporation Medical Facilities Mortgage Revenue Refunding Bonds (Baylor College of Medicine), Taxable Series 2020
  • Bexar County Housing Finance Corporation, as bond counsel and general partner counsel in connection with $31,421,222 Multifamily Revenue Note (Agave Apartments), Series 2021A and $3.5 million Multifamily Revenue Note (Agave Apartments), Series 2021B
  • Central Texas Regional Mobility Authority, as bond counsel and disclosure counsel in connection with $255.075 million Senior Lien Revenue Bonds, Series 2021B; $244.185 Subordinate Lien Revenue Bond Anticipation Notes, Series 2021C; and $50.265 million Senior Lien Revenue Bonds, Series 2020A
  • Cities of Dallas and Fort Worth, Texas and Dallas Fort Worth Airport Board, as disclosure counsel in connection with $1.2 billion taxable refinancing which won The Bond Buyer’s 2019 “Deal of the Year Award” in the Innovation category
  • City of Arlington, Texas, as bond counsel in connection with $321.717 million Rangers Ballpark Complex Admissions and Parking Taxes Revenue Bonds Taxable, Series 2020; $266.08 million Senior Lien Special Tax Revenue Bonds, Series 2018A; $28.25 million Subordinate Lien Special Tax Revenue Taxable Bonds, Series 2018B; and $171.095 million Subordinate Lien Special Tax Revenue Bonds, Series 2018C
  • City of Houston, Texas, as bond counsel in connection with the August 2021 financing of a multi-terminal baggage handling system at the Houston Airport System of approximately $289 million of airport special facilities debt secured by and payable from various leases with United Airlines, Inc.
  • City of Lewisville, Texas, as bond counsel, which included annexation and dissolution issues, in a $128 million general obligation refunding bond transaction