McGuireWoods’ Public Finance Team Earns Top Rankings for Bond Transactions

April 10, 2024

McGuireWoods’ public finance team delivered another strong performance for clients in 2023, ranking among the top bond counsel in the Southeast United States and retaining its position as No. 1 bond counsel in Virginia, according to data published by The Bond Buyer, the daily newspaper of public finance.

McGuireWoods ranked seventh in the Southeast region, which covers 11 states. In addition to its top ranking in Virginia, the firm earned a No. 5 bond counsel ranking in North Carolina. McGuireWoods also was the No. 4 bond counsel in Maryland, part of The Bond Buyer’s Northeast region.

McGuireWoods advised clients on some of the year’s largest development, education and healthcare financings, according to The Bond Buyer. The firm served as underwriters’ counsel and dealer manager’s counsel on the third-largest education deal of 2023, a tender offer and new money financing for the Virginia College Building Authority totaling $960.6 million. The firm served as bond counsel to the Economic Development Authority of the City of Williamsburg in a $242.1 million bond issue to finance student housing at the College of William & Mary, the fifth-largest development deal of 2023.

In addition, McGuireWoods served as bond counsel to P3 Foundation Inc., and developer’s counsel to Venture Realty Group in the financing for Atlantic Park, a $355 million mixed-use development planned for Virginia Beach’s oceanfront.

McGuireWoods consistently ranks among the top firms in public finance for its work in governmental and private activity bonds. The firm’s public finance lawyers are leaders in the use of strategies such as public-private partnerships; special revenue, tax and assessment pledges; lease financings; and tax and revenue anticipation notes.

“We are proud of the results we achieved for our valued clients in 2023 and we look forward to building on our success in the year ahead,” said Kay McNab, chair of the firm’s Public Finance Department.