Victoria Bowser, an experienced bond lawyer who has advised clients on financings for projects ranging from pollution control facilities to major hospitals, has joined Ballard Spahr’s Public Finance Department in the firm’s Washington office.
Ms. Bowser has more than a decade of experience counseling state and local governmental issuers as well as borrowers and underwriters of federally taxable and tax-exempt bonds. She has served as bond counsel, issuer’s counsel, borrower’s counsel, disclosure counsel, and underwriter’s counsel in numerous financing transactions for a variety of projects.
Ballard Spahr’s Washington, D.C., office is an important hub for the firm’s national public finance practice, which in 2017 earned Public Finance Law Firm of the Year honors from U.S. News & World Report – Best Lawyers. The firm’s Public Finance Department has participated in the issuance of more than $1 trillion of tax-exempt obligations in all states, the District of Columbia, and U.S. territories. Ballard Spahr’s public finance lawyers in D.C. advise on financings involving economic and industrial development, housing, hospitals, transportation facilities, general municipal bonds, and tax increment/special assessment districts. The practice includes attorneys who formerly served in high-level positions in the U.S. Department of the Treasury.
“We’re thrilled to add Victoria to our lineup in Washington, where she expands our capacity to serve government and private sector clients in major financing projects even further,” said Joseph A. Fanone, Managing Partner of Ballard Spahr’s Washington office and a partner in the firm’s Public Finance Department. “She is a terrific lawyer who has the practical experience and know-how our clients need to help them thrive in a challenging market.”
Ms. Bowser’s experience includes economic development bond financings utilizing revenue, tax increment financing (TIF), and special assessment funds for debt repayment. She has handled financings for pollution control and solid waste disposal facilities for utility companies and economic development bonds for port authorities and corporate borrowers. She also has handled issuances of revenue bonds for the benefit of nonprofit and governmental hospitals, health systems, academic medical centers, colleges, universities, health care-related entities, and other nonprofit organizations.
Ms. Bowser advises on all aspects of bond financing, including taxation, securities matters, marketing, sale, issuance, post-issuance compliance, and continuing disclosure. She has worked on current and advance refundings, master trust indentures, variable and multimodal interest rate structures, certificates of participation, remarketings, and credit and liquidity facility substitutions and disclosure.
“We’re in a critical period for agencies and businesses that undertake public projects, with a new federal taxation framework and a tremendous need for infrastructure upgrades nationwide,” said Emilie R. Ninan, Chair of Ballard Spahr’s Public Finance Department. “Adding Victoria to our talented group of attorneys in Washington will help us ensure that our clients continue to receive the representation they need to maximize the impact of their financing transactions.”
Ms. Bowser previously practiced at Squire Patton Boggs in Cleveland and joins Ballard Spahr as of counsel.
“Ballard Spahr is known across the country as having one of the finest public finance practices, and I’m looking forward to contributing my skills and experience to the team,” Ms. Bowser said. “I was drawn by the national reach of the practice and its strong presence in Washington and other key metropolitan areas. We’re well-positioned to provide public finance clients with the experienced and innovative counsel they need to stay informed, agile, and successful.”