Namita Shah practices in the area of public and private finance. She is a member of the firm's Institutional Finance and Commercial Lending and Municipal Finance practice groups. Namita serves as the primary attorney in Day Pitney's roles as Lead Bond Counsel and Lead Disclosure Counsel for the State of Connecticut. She is actively involved in all aspects of public finance, including bond authorizations, disclosure, tax issues and issuance. She has acted as bond counsel, disclosure counsel, underwriter's counsel and trustee's counsel on numerous general obligation and conduit financings. Namita's work as bond counsel has involved, among others, the negotiation of intercreditor agreements between conduit issuers and various letter of credit providers and bond insurers, restructuring existing transactions, preparing advice on permissible escrow securities and investments, negotiation of mortgage terms and conditions and review of swap agreements and float contracts. She has extensive experience with general state and municipal law as well as laws relating to state agencies and authorities. Her institutional finance and commercial lending work includes asset-backed structured financing and private placements of secured and unsecured senior and mezzanine debt. She also speaks Hindi.
Representation of the State of Connecticut as bond counsel, disclosure counsel and lead counsel in numerous bond issuances.
Served as lead bond counsel and lead disclosure counsel in the State of Connecticut's largest bond sale in its history, $2,276,578,270.75 State of Connecticut Taxable General Obligation Bonds (Teachers' Retirement Fund 2008 Series A - Current Interest Bonds) (Teachers' Retirement Fund 2008 Series B - Capital Appreciation Bonds). The bonds were marketed in the United States and Europe, and were listed on the Luxembourg Stock Exchange. A special website was established for investors.
Represented the State of Connecticut as Lead Bond Counsel and Disclosure Counsel in the issuance of the state's $258,235,000 General Obligation Refunding Bonds (2010 Series C). The bonds advance refunded portions of nine prior series of state bonds. The bonds were issued in conjunction with $200,000,000 of new money bonds. Drafted all of the forms of each of the documents and coordinated a closing among six bond counsel, two tax counsel, co-underwriters' counsel, co-disclosure counsel, and each of their clients.
Served as Lead Bond Counsel and Disclosure Counsel in the conversion of the State of Connecticut's $280,000,000 General Obligation Bonds (2005 Series A) from a Weekly Rate Mode to SIFMA Index Bonds. The transaction involved not only the conversion to the new mode, but required an amendment of the bonds to add the new SIFMA mode, accomplished by triggering a mandatory tender by converting the bonds to a permissible mode, obtaining the purchaser's consent to amend the bonds while the bonds were held by the purchaser, and converting the Bonds to the newly added mode pursuant to the terms of the amended Bonds. The challenges involved in the transaction included numerous state law compliance issues, time-sensitivity, financial structuring issues and terminating an existing standby bond purchase agreement and remarketing agreement.
Representation of trustee banks as trustee's counsel in various public finance transactions.
Representation of underwriters as underwriters' counsel in public finance transaction.
Representation of institutional investors in private placements of secured and unsecured senior and mezzanine debt.
Representation of various banks in both secured and unsecured financings.
Analysis of disclosure and financing documents for subperforming mortgage loan portfolio to determine if any violations of the document provisions occurred.
magna cum laude1996
magna cum laude1993
Recognized as a Woman of Power by the Urban League of Southern Connecticut, 2014