Municipal Bonds/Bond Counsel
We have extensive experience in municipal financing including general obligation and revenue bond issues.
 
Our attorneys have represented over 70 governmental issuers in financings totalling over $2 billion.  The firm is listed in the Bond Buyer Directory of Municipal Bond Attorneys (the "Red Book") as bond attorneys with experience in providing opinions of bond counsel.

We are able to draw upon the skills of our lawyers with diverse backgrounds in areas such as municipal law, real estate law, litigation, corporate law, securities law and environmental law as well as public finance to provide a complete perspective on the various legal implications of public financial transactions.
Representative Transactions
Served as bond counsel to a city government which utilized municipal bond financing to fully fund its accumulated pension debt, thereby reducing the city's current and future pension liabilities and putting its pension plan on a level financial footing. The bond issue was of particular importance to the city as the community had encountered large job and industrial plant losses during the previous fifteen years.

Served as bond counsel to a municipal government and to a bond underwriter in separate bond transactions making use of novel features of Pennsylvania law to permit funding of highway and interchange improvements in the two area municipalities. Financings served to attract new commercial growth to both communities during a time of limited governmental resources.

Assisted regional municipality in tax-exempt bond financing, enabling the municipality to purchase its electric power distribution system, which provided the municipality an early advantage in electric utility deregulation. Financing enabled the municipality to purchase electricity as a bulk purchaser in the electric power market and stabilized the municipal budget by generating utility revenues for the municipality.
 

Grogan Graffam, P.C.
Four Gateway Center, 12th Floor
Pittsburgh, PA 15222-1224

T: (412) 553-6300
F: (412) 642-2601

info@grogangraffam.com

2012 Grogan Graffam, P.C., All Rights Reserved.