David Eric Reid

Partner | Corporate

About

David Reid is a public finance lawyer focused on serving as disclosure counsel, underwriter’s counsel, bank counsel and borrower’s counsel in connection with the issuance of bonds, notes and other municipal obligations, including revenue bonds, certificates of participation, lease revenue bonds, industrial development revenue bonds, tax and revenue anticipation notes, general obligation bonds, special obligation bonds, water, sewer and transportation revenue bonds, special tax bonds and special facility bonds.

  • He also serves as bank counsel and borrower’s counsel in connection with revolving credit, term loan, liquidity facilities and bank direct purchase transactions for healthcare, nonprofit, higher education, and governmental borrowers.

    Mr. Reid also counsels capital providers in connection with their review and investment in commercial property-assessed clean energy (C-PACE) financings around the country.

    David is an active member of the National Association of Bond Lawyers, having served on the Securities Law and Disclosure Committee and on committees updating various opinion forms, and was selected for inclusion in the 2021 edition of The Best Lawyers in America© for Public Finance Law.

Practices

  • Banking and Financial Services

  • Private Equity and Venture Capital

  • Real Estate

  • Securities

  • Hospitality

  • Public Finance

Admissions

  • Missouri

  • Illinois

Education

  • University of Arkansas, J.D. 1994

  • University of Missouri – Kansas City – LL.M. in Taxation, 1995

  • University of Missouri – Kansas City, 1991

Experience

  • FisherBroyles, LLP

  • Bryan Cave Leighton Paisner LLP

Representative Transactions

Representative and Underwriter’s Counsel, and Disclosure Counsel Transactions

Mr. Reid has represented bond issuers and investment banking firms as disclosure counsel and underwriter’s and placement agent’s counsel in connection with over $8.5 billion of issuances, including the following:

  • Served as underwriter’s counsel in connection with approximately $1.5 billion of revenue bonds issued for the benefit of healthcare and senior living institutions around the country

  • Served as underwriter’s counsel in connection with approximately $3 billion of revenue bonds issued for the benefit of public school districts and other secondary and higher education institutions around the country

  • Served as underwriter’s counsel in connection with approximately $1.5 billion of state road and turnpike revenue bonds issued by the States of Kansas and Missouri

  • Served as underwriter’s counsel in connection with approximately $1.5 billion of state annual appropriation bonds issued by the State of Kansas issued to fund pension obligations and construction projects

  • Served as disclosure counsel to the City of Kansas City, Missouri in connection with approximately $1 billion of various special facility, convention center and economic development bonds

Representative Bank Counsel Transactions

Mr. Reid has represented national, regional, and local banks in connection with approximately $1.5 billion of credit, liquidity, and direct purchase facilities for borrower and issuers around the country

Representative Borrower Counsel Transactions

Mr. Reid has represented public and private entities in connection with approximately $4 billion of borrowings, including the following:

  • Represented clients in connection with public incentives and financings relating to manufacturing plant and office expansions or relocations and acquisitions and dispositions of bond financed facilities, including an automobile manufacturer in connection with sales tax and property tax incentives related to the expansion of existing facilities and the construction of a new $2.3 billion battery manufacturing facility

  • Represented a national multifamily housing real estate investment trust in connection with negotiating and documenting a total return swap program and the placement, sale, issuance, redemption, and prepayment of approximately $500 million of multifamily housing bonds and loans in the program

  • Represented a national multifamily housing real estate investment trust in connection with approximately $2.7 billion of conventional loans originated by governmental agency, insurance company and bank lenders, including the negotiation and review of standard document modifications to be utilized by new program lenders

  • Represented a nonprofit multi-state healthcare system in connection with the establishment of a $100 million revolving credit facility

  • Represented a public utility client in connection with the refinancing of its bonded indebtedness in the States of Missouri and Indiana and the acquisition of bond financed assets from various municipalities and water districts.