T.W. is a transactional lawyer who handles securities and disclosure matters related to the tax-exempt bond market. He helps clients through the bond issuance process, from preliminary approvals and structuring to crafting disclosure and collaborating on post-closing issues related to tax and securities matters. He serves as bond counsel on transactions and as underwriter’s counsel and lender’s counsel on bond transactions. T.W. has served on the Securities Law Committee of the National Association of Bond Lawyers since 2013.
T.W. focuses on public finance securities regulation. He works on large issues of over $600 million and small issues of less than $1 million. His clients include universities, health systems, and state and local governments and authorities. He has extensive experience with pooled bond financings and matters related to master trust indentures and other security documents.
He also advises on different financing structures such as bank-qualified debt, multiple mode and variable rate issues, issues with various derivative products, taxable issues, incremental tax revenue pledges and forward-delivery bonds. He also works on public/private financing arrangements and financing of infrastructure projects involving multijurisdictional agreements. T.W. serves as special counsel in connection with equipment and energy efficiency leases and provides advice on bond-related issues related to corporate and real estate transactions. T.W. views his role as helping his clients structure a transaction in a tax-friendly and practical manner.
In addition to his public finance practice, T.W. focuses on securities regulations affecting municipal bonds. He assists on matters involving the SEC and FINRA and advises clients on disclosure and establishing disclosure policies, diligence and Dodd-Frank issues.
- Bond and borrower counsel for a nonprofit retirement community involving the combination of obligated groups.
- Bond counsel for a university’s issuance of century bonds.
- Bond counsel for a cross-over refunding of Build America Bonds.
- Bond counsel for the issuance of tax credit bonds, including approximately $2.5 million in qualified energy conservation bonds, where he assisted in establishing a “green community program.”
- Bond counsel for a nonprofit health system financing involving multiple series and a multimodal structure.
- Bond counsel for a $121,000 bond financing with a state revolving fund to finance new water pumps.
- Underwriter’s counsel for the issuance of certificates of participation to refinance improvements to continuing care retirement facilities.
- Lender’s counsel for a multijurisdictional health system financing involving six series of bonds in three states.
- Bond counsel to a regional jail authority in connection with a $1.8 million tax-exempt energy lease project.
- Bond counsel and special counsel to a locality in connection with the financing of a new public library. The project involved leveraging traditional general obligation bond financing with a new markets tax credit financing to facilitate private contribution to the project.
William & Mary Law SchoolJD
Notes Editor, William and Mary Environmental Law and Policy Review2008
- Johns Hopkins UniversityBA2003
Member, Virginia State Bar
Member, National Association of Bond Lawyers
Member, Local Government Attorneys of Virginia, Inc.
- Panelist, "The Role of Bond Counsel in Virginia Local Government Financings", VGFOA / SPIA Regional Supplemental Education Program, June 2017, June 2018
- Speaker, "When Should a Not-For-Profit Borrow Money", Lorman Education Services, January 2017
- Speaker, "SEC Enforcement Actions Against Local Governments and Local Government Officials", Local Government Attorneys of Virginia, October 2016
- Panelist, "Identifying Uses for Unspent Bond Proceeds", SNAP Users Conference, September 2014
- Panelist, "Your Role in Tax-Exempt Financings", Virginia Industrial Development Authorities Institute Conference, May 2014, 2016, 2018
Selected for inclusion in The Best Lawyers in America, Public Finance Law, Woodward/White, Inc., 2021-2024
Named “Lawyer of the Year,” Richmond, Public Finance Law, Best Lawyers, 2023
Selected for Inclusion in “Virginia’s Legal Elite,” Young Lawyer (Under 40), Virginia Business, 2017
Named to “Virginia Rising Stars,” Bonds/Government Finance, Super Lawyers, Thomson Reuters, 2013, 2014
Recipient, “Benjamin Rice Lacy, IV Pro Bono Clearinghouse Volunteer of the Year Award,” Greater Richmond Bar Foundation, 2012
- Author, Three Takeaways for Municipal Bond Issuers From the New SEC Cybersecurity Disclosure Rules, McGuireWoods Legal Alert, September 6, 2023
- Author, Four Key Considerations When Deciding Between Tax-Exempt and Taxable Bonds, American Health Law Association Annual Meeting, June 2022
- Author, Update No. 7: SEC Urges Municipal Issuers to Voluntarily Expand Disclosures, McGuireWoods Legal Alert, May 7, 2020
- Author, COVID-19: With Students Safely Home, What’s Next for Educational Institutions?, McGuireWoods Legal Alert, March 23, 2020
- Author, Nonprofit Colleges, Universities Must Promptly Report ‘Triggering’ Events, McGuireWoods Legal Alert, June 19, 2019
- Author, Seven Things to Know About the SEC’s Amendments to Rule 15c2-12, McGuireWoods Legal Alert, August 24, 2018
- Author, Proposed Securities Rule Changes for Municipal Issues Focus on Bank Loans, Other Private Placements, McGuireWoods Legal Alert, March 30, 2017
- Author, SEC Staff Announces Self-Reporting Initiative Available to Municipal Securities Issuers, Obligated Persons, and Underwriters, McGuireWoods Legal Alert, April 4, 2014
- Author, SEC Alert Emphasizes Due Diligence and Disclosure Procedures for Municipal Securities, McGuireWoods Legal Alert, June 28, 2012