Kristin Franceschi practices in the areas of corporate and securities law and public finance law.

Her practice includes structured finance; public and private offerings of debt securities, both high yield and municipal; borrower representation in conduit loans; project finance; with a particular focus on sports facilities; tax increment financings; defeasance transactions; arbitrage and tax structuring for municipal finance; and general municipal law. 

Kristin is a member of DLA Piper's firmwide Derivatives Committee and its Opinion Committee.

Finance

Kristin's finance practice centers around the representation of issuers, underwriters, credit enhancers, portfolio managers and sponsors in connection with public and private offerings of municipal and corporate debt securities. She also has considerable experience representing either lenders or sports teams in the context of sports facility financings and in derivative transactions, including swap transactions integrated with municipal securities.

A key component of Kristin's practice is the tax analysis relating to tax-exempt financings (e.g., financing for 501(c)(3) nonprofit organizations, multifamily residential rental housing projects, governments and other beneficiaries of tax-exempt bonds). She has extensive experience in structuring considerations, facility qualification, management contracts and private use allocations. Her public finance practice also encompasses post-issuance compliance matters, such as arbitrage rebate and change in use of bond-financed properties.

Another key component of Kristin’s practice is the transactional aspects of municipal financings. She has extensive experience representing borrowers in connection with such financings, with particular emphasis on 501(c)(3) nonprofit organizations and developers of land-secured financings.

In the project space, Kristin has a broad range of experience, from solid waste facility financings to airports to numerous sports facilities.

Many issuers of bonds or other borrowers in the context of a municipal or project financing wish to enter into hedging products to cap, eliminate or reduce interest rate exposure. Kristin works with the parties to the transaction to incorporate the hedging documentation into the credit structure of the relevant financing. She also synthesizes for clients the meaning of the ISDA or other hedging documentation that they are being asked to sign. Kristin is also experienced in the use of these hedging products to comply with Internal Revenue Service arbitrage rules applicable to tax-exempt financings.

Additionally, Ms Franceschi represents clients in matters before the Internal Revenue Service, whether in the context of a private letter rulings, audits or the voluntary compliance program (VCAP).

Professional

Kristin is an active member of the American Bar Association's Section on Taxation and its Tax-Exempt Financing Committee. In 1999, she served as editor in chief of Federal Taxation of Municipal Bonds, published by the National Association of Bond Lawyers. In 2001 and 2002, Kristin served as the chair of the National Association of Bond Lawyers Opinions Committee, which updated its Model Bond Opinion Report, a publication that provides guidance to municipal finance professionals on matters related to bond opinions and related disclosure matters. She served as the chair of the Bond Attorneys Workshop in 2003 and in 2007 was elected to the board of the National Association of Bond Lawyers. Kristin lectures nationally on arbitrage and other federal tax matters related to tax-exempt bonds. In 2013, Kristin was elected Fellow to The American College of Bond Counsel.