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Tax-Exempt and Project
Finance
As part of our broad ability to counsel
clients in every type of corporate financing,
several Corporate Department attorneys are
experienced in tax-exempt and project finance
transactions.
Tax-Exempt
Financing
Dewrell Sacks LLP is recognized for our
work in tax-exempt financings. We frequently
serve as bond counsel, underwriters' counsel,
or counsel to other participants in the
financings of municipalities, states,
and other public agencies. Our practice
also includes counseling on financings
for not-for-profit institutions and private
activity bonds.
Our extensive banking practice gives us many opportunities
to represent commercial banks providing
credit enhancement or placement and underwriting
services for tax-exempt bonds, and our
bank clients have included all of the
major regional banks as well as the large
international banks with Atlanta branches.
Project Finance
Dewrell Sacks's Project Finance
practice group provides clients with advice and
effective representation in all aspects of
financing projects on a non-recourse or limited
recourse basis. This group includes experienced
attorneys from several of the firm's departments
and offers a broad, coordinated approach to the
varied legal disciplines required by these
complex financings. In addition to providing
skilled advice, our goals are to assist clients
in managing the risks inherent in the
development of such undertakings and to minimize
uncertainty and delay, and to provide creative
solutions to the complex problems of project
finance.
The Project Finance group has a broad
corporate practice with extensive experience in
senior and subordinated debt placements with
banks, investment banks, mutual funds, insurance
companies, and others. The firm also has the
capability to handle the equipment and
project-related licensing aspects of projects.
We frequently deal with complex financing
structures involving several layers of debt and
negotiation of collateral sharing and other
intercreditor arrangements. Our general
financing practice complements the specific
experience of our group in project
financing.
Historically, financing of major capital
investments on an off balance sheet basis
has been a major component of the debt
structure of many major American corporations.
Although project financings currently
are less common, they remain an important,
and in many cases critical, element of
the successful development of capital
intensive facilities. Dewrell Sacks's
project finance practice group represents
the firm's commitment to assisting our
clients who participate in this significant
endeavor.
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