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Mr. Williams represents clients in all aspects of public finance transactions, including bond counsel, underwriter's counsel, issuer's counsel, trustee's counsel and credit enhancer's counsel. He has served as bond counsel to many government and nonprofit organizations, including hospital systems and local municipalities, and has represented a variety of commercial and investment banks in structuring and enhancing tax-exempt financing. His public finance practice focuses on innovative structures for project finance, capital projects for government and nonprofit organizations, and affordable housing. He advises clients regularly with respect to guaranteed investment contracts, swap transactions, pledged revenue streams, funding agreements and other tools to enhance or secure bond issues. Mr. Williams is also experienced in representing clients with respect to distressed bond issues, including restructurings, workouts and, in coordination with the firm's bankruptcy group, bankruptcy-related matters. In his affordable housing practice, Mr. Williams serves as primary outside counsel to the Alabama Housing Finance authority, which administers the State of Alabama's allocation of tax credits under Section 42 of the Internal Revenue Code and its allocation of HOME Investment Partnerships Funds from the United States Department of Housing and Urban Development. This representation includes general work with respect to allocation plans and program administration, lender's counsel with respect to HOME loans and issuer's counsel with respect to a variety of multi-family bond issues. These bond issues frequently involve direct purchase or credit enhancement by Fannie Mae, Freddie Mac or Ginnie Mae or credit enhancement by commercial banks with rated letters of credit. In his commercial lending and real estate practices, Mr. Williams represents both lenders and borrowers with respect to a variety of credit facilities and transactions, including commercial mortgage loans, revolving lines of credit, and the purchase, sale and development of real estate. He advises clients in all aspects of credit facilities, including collateral, guaranties, remedies and financial covenants. Mr. Williams also has experience representing lenders with respect to problem credit facilities, including workouts and restructurings.Representative Transactions:Acted as bond counsel in connection with $63,480,000 Retirement Facility Revenue Bonds (Redstone Village Project), Series 2007 Fixed Rate Bonds issued by The Special Care Facilities Financing Authority of the City of Huntsville - Redstone Village.Acted as bond counsel in connection with $28,230,000 General Obligation Refunding Bonds, Series 2005-A issued by the City of Birmingham, Alabama.Acted as bond counsel in connection with bankruptcy proceedings related to $38,485,000 Retirement Facility Revenue Bonds (Carlton Cove, Inc. Project), Series 2001-A Fixed Rate Bonds; $5,000,000 Retirement Facility Revenue Bonds (Carlton Cove, Inc. Project), Series 2001-B Extendable Rate Adjustable Securities (EXTRAS); $670,000 Retirement Facility Revenue Bonds (Carlton Cove, Inc. Project), Series 2001-C Taxable Bonds; and $25,000,000 Retirement Facility Revenue Bonds, (Carlton Cove, Inc. Project), Series 2001-D Variable Rate Demand Bonds issued by The Special Care Facilities Financing Authority of the City of Huntsville - Carlton Cove for the benefit of Carlton Cove, Inc. Acted as underwriter's counsel in connection with $60,000,000 General Fee Revenue Bonds, Series 2006-A, issued by Auburn University.Acted as underwriter's counsel in connection with $10,500,000 Variable/Fixed Rate Taxable Promissory Notes, Series 2006-A, issued by Morgan Valley Properties, LLC. Acted as bank and bond counsel in connection with $7,500,000 Tuition Revenue Bonds (Miles College Project), Series 2004-A issued by The Educational Building Authority of the City of Birmingham for the benefit of Miles College. Acted as bank counsel in connection with $2,850,000 Grant Anticipation Future Advance Note, issued by the Birmingham Board of Education.Acted as issuer's counsel in connection with $4,350,000 Multi-Family Housing Revenue Bonds (Ginnie Mae Collateralized Mortgage Loan - East Lake House Project), 2007 Series A issued by the Alabama Housing Finance Authority.Acted as issuer's counsel in connection with $8,430,000 Multi-Family Housing Revenue Bonds (Alison Pointe Apartments Project), 2007 Series B issued by the Alabama Housing Finance Authority. Acted as issuer's counsel in connection with $6,080,000 Multi-Family Housing Revenue Bonds (South Mall Apartments Project), 2007 Series C issued by the Alabama Housing Finance Authority.Acted as issuer's counsel in connection with $33,484,119 Multi-Family Housing Refunding Revenue Bonds (Hunters Pointe Apartments Project) , 2005 Series C issued by the Alabama Housing Finance Authority. Acted as trustee's counsel in connection with $110,575,000 Health Care Facility Revenue Bonds, Series 2006 issued by The Medical Clinic Board of the City of Montgomery, Alabama, for the benefit of Jackson Hospital and Clinic, Inc. Acted as trustee's counsel in connection with $35,000,000 Mississippi Development Bank Special Obligation Variable Rate Demand Bonds Series 2006A (Magnolia Regional Health Center Project) and $6,010,000 Mississippi Development Bank Special Obligation Refunding Bonds Series 2006B (Magnolia Regional Health Center Project) issued by Alcorn County, Mississippi and the City of Corinth, Mississippi, for the benefit of Magnolia Regional Health Center.Acted as trustee's counsel in connection with workout and restructuring for $16,535,000 Solid Waste Disposal Revenue Bonds, Series 1999C (Capital Projects Loan Program - Waste Corporation of Florida, Inc. Project) and $6,600,000 Solid Waste Disposal Revenue Bonds (Capital Projects Loan Program - Waste Corporation of Central Florida, Inc. Project) Series 2000 issued by the Capital Projects Finance Authority for the benefit of Waste Corporation of America, Inc. and Waste Corporation of Central Florida, Inc., respectively.Prior To Maynard Cooper:Mr. Williams served as a law clerk to the Honorable R. Lanier Anderson, III, United States Court of Appeals, Eleventh Circuit. |
