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February 7, 2011

Deal Wins Northeast Small Issuer Deal of the Year Award for Hiscock & Barclay, LLP

Hiscock & Barclay, LLP acted as underwriter's counsel to a $650 million dollar refunding transaction, which was awarded the Small Issuer Deal of the Year at The Bond Buyer's Deal of the Year Awards Gala at the Essex House in New York City on December 9, 2010. Hiscock & Barclay Partner Garrett DeGraff, from the Firm's Albany office, handled this transaction.

The bond was issued by the New York Liberty Development Corporation to refinance the construction of the Bank of America Tower in New York City. The Bond Buyer Deal of the Year Awards reward and honor the issuers who drive innovation in public finance. The Bond Buyer's award committee considered deals that closed between October 2009 and September 2010 in which the issuers utilized the taxable Build America Bond and other stimulus components of the 2009 American Recovery and Reinvestment Act.

For well over a decade, Hiscock & Barclay has been providing bond counsel services in connection with the issuance of tax-exempt bonds and notes by counties, cities, villages, towns, school districts, public authorities and other governmental issuers has been a major part of the Firm's practice. Throughout this period, the Firm has been listed in The Bond Buyer's Municipal Marketplace directory of municipal finance attorneys and is accorded the status of "Nationally Recognized Bond Counsel." The Public Finance Practice Area is lead by M. Cornelia Cahill from the Firm's Albany office.

Hiscock & Barclay, LLP, listed as a "Top 250 Firm" by The National Law Journal, is a full-service, 200-attorney law firm, with offices throughout the major cities of New York State, as well as in Boston, Washington, D.C. and Toronto, providing comprehensive legal and business counsel to a diverse client base in 30 practice areas.


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