Alexander L. Scarola

Alexander L. Scarola

Shareholder

Alexander L. Scarola is Administrative Shareholder of the Philadelphia office and focuses his practice on public and project finance, and lending. Alex has served as bond counsel, issuer’s counsel, underwriter’s counsel, bank’s counsel, purchaser’s counsel, disclosure counsel, borrower's counsel and credit enhancer’s counsel in numerous tax-exempt and taxable financing transactions.

Concentrations

  • General obligation and revenue financings
  • Utility financings, including water, sewer and gas
  • Higher education financings
  • Health care financings
  • Multifamily housing financings
  • 501(c)(3) financings
  • Student housing financings
  • P3 financings
  • Stadium financings
  • Secured lending
  • Global Energy & Infrastructure
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Capabilities

Experience

  • Bond counsel for $351,940,000 The Pennsylvania State University Bonds, Series of 2016.
  • Bond counsel for $170,000,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Bonds, Series 2013A.
  • Bond counsel for $27,840,000 Public Finance Authority Airport Facilities Revenue and Refunding Bonds (AFCO Investors II Portfolio), Series 2013.
  • Bond counsel for $304,975,000 Public Finance Authority Airport Facilities Revenue and Refunding Bonds (TrIPs Obligated Group), Series 2012.
  • Bond counsel for $206,960,000 Pennsylvania Intergovernmental Cooperation Authority Special Tax Revenue Refunding Bonds (City of Philadelphia Funding Program) Series of 2010.
  • Disclosure counsel for $955,105,000 City of Houston, Texas Combined Utility System First Lien Revenue and Refunding Bonds, Series 2016B.
  • Disclosure counsel for $192,680,000 City of Philadelphia, Pennsylvania Water and Wastewater Revenue Refunding Bonds, Series 2016
  • Disclosure counsel for $530,105,000 Harris County, Texas Toll Road Senior Lien Revenue Refunding Bonds, Series 2016A.Underwriter’s Counsel
  • Underwriter’s counsel for $231,950,000 Kentucky Economic Development Finance Authority Senior Revenue Bonds (Next Generation Kentucky Information Highway Project) Series 2015A to finance a Public-Private Partnership (P3) to bring high-speed Internet to all 120 of Kentucky’s counties. The bond offering was selected as The Bond Buyer's 2015 "Deal of the Year."
  • Underwriter's counsel for $557,615,000 City of Houston, Texas Public Improvement Refunding Bonds, Series 2016A.
  • Underwriter's counsel for $58,875,000 Dormitory Authority of the State of New York Secured Hospital Revenue Refunding Bonds (Wyckoff Heights Medical Center), Series 2015.
  • Underwriter's counsel for $700,000,000 Rice University Taxable Bonds, Series 2015.
  • Underwriter's counsel for $558,513,444 Harris County - Houston Sports Authority Senior and Second Lien Revenue Refunding Bonds, Series 2014A, Series 2014B and Series 2014C.
  • Underwriter's counsel for $69,170,000 Harris County - Houston Sports Authority Taxable Revenue Refunding Bonds (NRG Stadium Project) Series 2014.
  • Remarketing agent counsel and placement agent counsel for $235,700,000 Miami-Dade County Industrial Development Authority Industrial Development Revenue Bonds (Dolphins Stadium Project) Series 1985, 2000, 2006 and 2007.

Recognition & Leadership

  • Listed, Super Lawyers magazine, Pennsylvania Super Lawyer, 2015-2018
    • "Rising Star," 2005-2006 and 2011-2014
  • Member, Winning Team, TMA Chicago/Midwest Awards Program, “Small Transaction of the Year” for the restructuring of the Lombard Public Facilities Corporation, 2018
  • Member, Pennsylvania Bar Association
  • Member, National Association of Bond Lawyers
  • Member, Pennsylvania Association of Bond Lawyers

Credentials

Education
  • LL.M., Taxation, New York University School of Law, 2000
  • J.D., University of Baltimore School of Law, 1999
  • B.A., University of Delaware, 1996
Admissions
  • Pennsylvania
  • Maryland
  • New Jersey