Namita Tripathi Shah
Namita Shah, chair of Day Pitney’s Private Equity and Finance business unit, 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 general obligation and conduit financings throughout the region. 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 in distressed situations and otherwise, 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
Served as lead bond counsel in the State of Connecticut's first issue of Green Bonds, $60,000,000 State of Connecticut General Obligation Bonds (Green Bonds, 2014 Series G)
Served as bond counsel on each series of revenue bonds issued by the Connecticut Health and Educational Facilities Authority for the Connecticut State University System. Each issue was secured by a state supported special capital reserve fund and sold competitively to finance a wide variety of facilities including dormitories, student centers, food service facilities and other auxiliary buildings
Served as underwriter's counsel in connection with the refunding of bonds issued by the New York Convention Center Development Corporation to finance the Jacob K. Javits Convention Center which were secured by a hotel unit fee and a guaranty by the State of New York Mortgage Agency
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 borrowers as borrower's counsel in public finance transactions
Representation of trustee banks as trustee's counsel in public finance transactions
Representation of underwriters as underwriters' counsel in public finance transactions
Representation of institutional investors in private placements of secured and unsecured senior and mezzanine debt
Representation of banks in both secured and unsecured financings
Honored as a "Woman Worth Watching" by the Profiles in Diversity Journal, 2017
Recognized as a "Woman of Power" by the Urban League of Southern Connecticut, 2014