Eric R. Sender

(404) 222-4633
Partner
(404) 222-4654 Fax
Eric.Sender@KutakRock.com

Mr. Sender is a partner in the firm’s Atlanta office and concentrates his practice in the areas of banking and public finance. He routinely represents domestic and foreign commercial banks and other financial institutions as direct lenders and as providers of credit enhancement and liquidity support for publicly traded debt securities. Mr. Sender has extensive experience representing purchasers in private placements of taxable and tax-exempt bonds, including bank qualified bonds and qualified tax credit bonds such as Qualified School Construction Bonds, Qualified Zone Academy Bonds and Qualified Energy Conservation Bonds. In addition, he serves as counsel to commercial banks and insurance companies as providers of structured investment products such as guaranteed investment contracts, repurchase agreements and forward delivery agreements.

  • Representing bank which provided over $100 million in liquidity support for revenue bonds issued for the benefit of a large health care group, and provided a $17 million revolving loan and letter of credit agreement for working capital purposes.
  • Representing bank which provided a $37 million letter of credit supporting variable rate bonds issued to finance the construction of off-campus student housing at a large university.
  • Representing bank in its direct purchase of:
    - one of the first Qualified Energy Conservation Bonds issued in the country;
    - $41 million of Qualified School Construction Bonds issued by a joint powers agency which were secured through the purchase of general obligation bonds issued by the school district which was the beneficiary of the QSCB financing;
    - $10 million of certificates of participation structured as Qualified Zone Academy Bonds issued to create health science, engineering and vocational academies in high schools in two school districts;
    - $30 million of Gulf Opportunity Zone Bonds issued to finance capital improvements at a large university.
  • Representing multi-bank syndicate which provided a $600 million revolving credit agreement supporting commercial paper notes issued by a major public transit authority.
  • Representing financial institution which provided a $12 million term loan to a public corporation to finance real property acquisitions and improvements.

Publication:

The Constitutionality of Section 106: A Historical Solution to a Modern Debate, 18 BANKR. DEV. J. 131 (2001)