Marc S. Stein

Overview

Marc Stein focuses his practice in public finance. He represents varied clients, including state agencies and authorities; borrowers, including corporate and 501(c)(3) entities; investment banks; municipalities and school districts; industrial development authorities; municipal authorities; corporate trustees; commercial lenders; and swap counterparties. Marc recently served as bond counsel to a water authority in a transaction that involved the borrowing of funds for capital projects, the refunding of six series of outstanding bonds, and the creation of a new trust indenture that replaced a bond resolution originally drafted in 1939. He serves as bond counsel or 501(c)(3) counsel to numerous colleges, universities and institutions of higher education.

Representative Matters

• Served as underwriter’s counsel to Allentown Neighborhood Improvement Zone Development Authority for $183.9 million tax-exempt revenue bonds and $40.4 million taxable revenue bonds.
• Served as bond counsel to Pennsylvania Higher Education Assistance Agency with regard to its $47,470,000 aggregate principal amount Loan Revenue Bonds, Series 2020A and Subordinate Series 2020B.
• Served as special counsel to a 501(c)(3) borrower with respect to its direct issuance of Taxable Bonds, Series of 2020 ($150,000,000) and a $50,000,000 line of credit.