Practice Areas: Public Finance

Industrial Revenue Bonds and Exempt Facility Bonds

Industrial revenue bonds can be the financial lifeblood of a community. Through these financing vehicles, manufacturing plants can be attracted. Projects like airports can become a reality. Jobs can be generated, and economies can thrive.
But issuing these bonds can be a delicate balancing act. All parties involved must be accommodated, and all regulations, be they federal, state, local or bond-specific, must be understood. To make this happen, you need a firm that has the depth and the know-how to get the job done.

Fortunately for our clients, McGuireWoods has served as counsel on virtually every side of the table in these matters. From small issue IRBs to exempt facility IRBs, we have experienced all of the challenges involved with these financing solutions. We have served as bond counsel and/or represented underwriters, credit providers, borrowers, issuers and trustees in numerous jurisdictions including Georgia, Illinois, Maryland, Mississippi, Nevada, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, D.C. and West Virginia. We’ve also assisted clients who have been challenged by the IRS concerning transactions within these areas.

In the industrial revenue bond financings area, our experience includes:

• public and private offerings
• fixed and variable rate issuances
• tax-exempt and taxable issuances
• letter of credit-backed, insured and uninsured transactions

These transactions have financed manufacturing facilities representing industries such as paper products, home furnishings, building products, telecommunications equipment, prepared foods, packaging, biotech products and office equipment parts.