Using a swap or a derivative transaction to lock in a better rate or lower your interest rate on your debt obligations is only effective if all your risks are transparent. With these financial tools, it is critical for you to have attorneys who know the ins and outs of the products and what it means, both in the short- and long-term future, to enter into these agreements. Our attorneys have vast experience with interest rate swaps and other derivative products, and we are adept at understanding how a transaction will meet your objectives and fit within debt covenants.
Our practice is highly involved with innovative applications of sophisticated financing techniques. In addition to serving debt issuers and obligors in connection with the utilization of interest rate swaps and other derivatives to hedge risks, we have drafted statutes authorizing the use of swaps and other hedges by governmental entities and helped many clients develop swap policies and assist in compliance. Our attorneys advise on regulatory issues affecting market participants, including filings and compliance. We have assisted clients in terminating or novating swaps. We have also served as counsel to public and private entities in connection with the use of high-volume commodity swaps to hedge fuel costs
Quick Facts
- Experience representing governmental clients in connection with interest rate swaps dates back to the early 1990s, the genesis of swaps in the municipal market
- 100+ transactions, with an aggregate notional amount in excess of $10 billion
Areas of Focus
- Caps
- Forwards
- Fuel hedges
- Options
- Interest rate swaps
- Basis swaps
- Fixed to floating
- Floating to fixed
- Total return swaps