Thomas P. Lauth

(404) 222-4698
Attorney
(404) 222-4654 Fax
Tom.Lauth@KutakRock.com

Mr. Lauth focuses his practice primarily on public finance matters. For more than 25 years, he has represented states, counties, cities, public authorities, hospitals, non-profit and for-profit corporations and limited liability companies, investment banking firms and other financial institutions in a variety of public finance matters as bond counsel, underwriter's counsel, disclosure counsel, borrower's counsel, letter of credit bank's counsel, trustee's counsel and issuer's counsel. These public finance matters include the financing and refinancing of hundreds of projects, totaling in excess of $25 billion in aggregate principal amount, including health care facilities, multi-family housing, airports, mass transit facilities and rolling stock, water and sewer projects, solid waste treatment facilities, parks and green space, sports arenas, jails, manufacturing facilities, public utilities, public and private schools, including charter schools, student housing, dining facilities, research facilities and other university facilities, senior living facilities, renewable energy projects, economic development projects and traditional public projects.

The structures of these financings have ranged from the issuance of general obligation bonds, revenue bonds and certificates of participation to the structuring of tax increment financings and leveraged lease/lease-back financings and have utilized a vast array of financial structures and derivative products, including commercial paper, variable rate demand debt, SIFMA index term mode debt, liquidity facility secured debt, interest rate swaps, caps and collars and forward purchase agreements. Mr. Lauth advises clients on a wide variety of business and legal issues, including state constitutional and statutory issues and federal tax and securities issues, primarily related to public finance matters.

Mr. Lauth has served as a panelist and a speaker addressing various public finance topics at events and classes sponsored by the National Association of Bond Lawyers, the Georgia Charter Schools Association, The University of Georgia and Georgia State University.

Representative transactions include the following:

  • Bond counsel to DeKalb County, Georgia in connection with the financing of various water and sewer, greenspace, parks, transportation and library projects through the issuance of tax-exempt bonds and notes in an aggregate principal amount in excess of $2.5 billion.
  • Special counsel to Metropolitan Atlanta Rapid Transit Authority (MARTA) in connection with the financing and refinancing of their rapid transit system through the issuance of multiple series of its sales tax revenue bonds and commercial paper notes in an aggregate principal amount in excess of $4 billion and the leveraged lease financing of rolling stock and rail line assets valued at approximately $2 billion (2001 US Rail Deal of the Year Jane's Transport Finance and 2003 Deal of the Year – US Municipal Transportation).
  • Bond counsel and counsel to University of Georgia Athletic Association in connection with the financing of several athletic facilities for The University of Georgia.
  • Bond counsel to State of Nevada in connection with the financing and refinancing of more than 50 capital improvement and natural resources projects aggregating more than $4.5 billion.
  • Bond counsel and underwriter's counsel to  several national and regional investment banking firms in connection with the financing of dozens of student housing facilities, dining facilities, parking facilities, athletic facilities and related higher education projects located throughout the University System of Georgia, including The University of Georgia, Augusta University, Kennesaw State University, University of West Georgia, Valdosta State University, Georgia Gwinnett College, South Georgia State College, Georgia Highlands College and Gordon State College.