Practices & Industries

Credit Enhancement

We represent financial institutions acting as issuers of letters of credit for the account of private companies and charitable organizations to support industrial revenue and economic development bonds issued by state and local governments and development authorities, and in connection with liquidity facilities relating to tender option bond programs. Our representation includes advising clients on the structure of such transactions and drafting, negotiating and reviewing letter of credit reimbursement agreements, standby bond purchase agreements, loan agreements, lease agreements, indentures, bond purchase agreements, mortgages, guarantees and remarketing agreements. We work closely with the Firm’s tax and real estate specialists on these matters.