Drawing on more than 30 years of experience in public finance transactions, Eileen addresses complex legal issues facing institutional, government and
As bond counsel, underwriters’ counsel, borrower’s counsel and credit
enhancer’s counsel, Eileen has worked on deals ranging from a few million
dollars in value to more than $1 billion. She has broad experience with all types of
financing structures including fixed rate, variable rate, flexible rate and
optional tender bonds; tax-exempt and taxable debt; general obligation and
revenue bond financings; unsecured obligations, mortgage-secured and
project-based security; synthetic structures involving derivative products; and
master trust indenture structures. Marketing alternatives have included public
offerings by governmental issuers or conduit issuers, taxable bonds issued
directly by non-profit organizations, direct placements with banks and financial
institutions, and private placements.
While Eileen's practice encompasses all types of financings, her areas
of concentration are financings for not-for-profit organizations, affordable
housing, governmental purposes and public power projects. She has also
participated in helping to structure and develop social impact financing
Museums and Cultural
Institutions: Referred to as the “bond artist” by the American Lawyer in
connection with her work on the Museum of Modern Art expansion financing through
the Trust for Cultural Resources, Eileen has been involved in transactions
for most of the cultural institutions in New York City.
Educational Institutions and Other
Non-Profit Organizations: Eileen has served as institution counsel,
bond counsel or underwriter’s counsel on transactions to finance projects for a
multitude of colleges, universities, health care organizations, private schools
and other not-for-profit corporations, often in connection with their initial
Affordable Housing: Financing
the construction or preservation of thousands of affordable housing units has
been an important facet of Eileen’s practice. In addition to serving as
bond counsel or underwriters’ counsel on 80-20 developments, she is involved
with the pooled open resolution programs established by the New York City
Housing Development Corporation and the New York State Housing Finance Agency
(two of the largest housing bond issuers in the country).
Governmental Purpose Bonds:
As special counsel to the Office of the State Comptroller, Eileen
provides advice concerning the issuance of the State’s general obligation bonds
as well as other issues. She has helped to structure the Dormitory Authority’s
financing programs for school districts and BOCES and has participated in the
issuance of State-supported bonds by several public benefit corporations
including the Dormitory Authority and Empire State Development.
Public Power: Eileen
has worked with the Bonneville Power Administration for over 20 years on a range
of financing programs, including on power purchases (including nuclear power)
lease-purchase financings, energy prepayments, and conservation.
Eileen serves as Vice Chair for the firm’s Public Finance Group in the
New York office and was a member of the Board of the firm from 2012-2018.