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Introduction
Barry Rothchild leads the Public Finance department’s derivatives practice, acts as bond counsel and additionally acts as counsel to nonprofit borrowers, underwriters, and liquidity/credit providers. His derivative clients include municipal entities, for-profit and nonprofit corporations, retirement systems, and swap providers.
My focus
Swap Transactions
I have extensive experience in drafting and negotiating ISDA Master Agreements and related Credit Support Documentation and Confirmations of transactions involving interest rate and commodity swaps. Additionally, I have advised clients with respect to the applicable requirements of the Dodd-Frank Act, including drafting internal policies and procedures and working with clients to complete ISDA Protocol documentation and bilateral contracts with swap counterparties.
Bond Counsel
I have significant experience in:
- Drafting and negotiating bond documentation for clients relating to fixed rate and floating rate new money and refunding transactions.
- Reviewing and negotiating liquidity/credit agreements for variable rate bond issues and for revolving credit agreements providing for working capital and other non-bond related needs.
Looking ahead
Federal regulations on swap transactions became increasingly complex with the passage and implementation of the Dodd-Frank Act. As the rules implementing the Dodd-Frank Act are put in place, I continue to ensure that my clients are kept informed of the implications for them. I have been actively involved and expect to have continued involvement with webinars and conferences by industry organizations such as NABL and through participating in webinars utilizing the extensive capabilities of Nixon Peabody.
Insights
- “Swaps and Derivatives 2023,” NABL's 201 CLE Webinar Series, November 29, 2023
- “LIBOR Phase-Out Update,” NABL U The Workshop, Webinar/Chicago, IL, October 14, 2022
- “LIBOR Phase-Out Update,” NABL U The Workshop, Webinar/Chicago, IL, October 14, 2021
- “Where to Find Your LIBOR and What to do About It,” GFOA 2021 Virtual Conference, July 19, 2021
- “Post-Lehman Rules of the Road: Navigating the Latest Federal Stay Regulations Governing Financial Contracts with Global Systemically Important Banks,” West LegalEdcenter, Webinar, December 10, 2020
- “Update on LIBOR Phase-Out,” National Association of Bond Lawyers “The Workshop: Virtual 2020,” Webinar, September 25, 2020
In the news
- The Bond Buyer
Massachusetts public power agency closes bond deal for solar project
Jan 10, 2024This article covers the Massachusetts Municipal Wholesale Electric Company closing on a $15 million issuance of green bonds to complete the long-term financing of a solar project that will help six participating utilities meet the state’s upcoming emission targets. The article mentions NP for serving as bond counsel in the deal. The NP deal team was led by New York City partner Liz Columbo and included Washington, DC partner Mitch Rapaport, New York City counsel Barry Rothchild, New York City associate Paul Dewey, and senior paralegals Carolyn Yi-Medina and Patrick McGovern, all of the Project Finance & Public Finance practice.
- New England Real Estate Journal
Beacon and Harborlight host groundbreaking for Beverly Village
April 7, 2023This article, which covers the groundbreaking ceremony for a new seniors- and arts-focused affordable housing development north of Boston, mentions NP for advising Beacon Communities in the complex financing for the project. The NP deal team was led by Washington, DC Affordable Housing & Real Estate partner and General Real Estate & Transactional team leader Dara Histed and included New York City Project Finance & Public Finance counsel Barry Rothchild; and Boston counsel Karla Chaffee, Washington, DC associate Jamie Flesch, and Boston paralegal Vienna Kim, all of the Affordable Housing & Real Estate practice.
- Boston Real Estate Times
Beacon Communities and Harborlight Homes host groundbreaking for Beverly Village for Living and the Arts
March 7, 2023This article, which covers the groundbreaking ceremony for a new seniors- and arts-focused affordable housing development north of Boston, mentions NP for advising Beacon Communities in the complex financing for the project. The NP deal team was led by Washington, DC Affordable Housing & Real Estate partner and General Real Estate & Transactional team leader Dara Histed and included New York City Project Finance & Public Finance counsel Barry Rothchild; and Boston counsel Karla Chaffee, Washington, DC associate Jamie Flesch, and Boston paralegal Vienna Kim, all of the Affordable Housing & Real Estate practice.
- Seniors Housing Business
Beacon, Harborlight plan intergenerational adaptive reuse for former Briscoe School in Beverly, Massachusetts
Jan 25, 2023This article mentions NP for advising Beacon Communities in a complex financing deal that will transform a former school just north of Boston into senior and arts-focused affordable housing. The article notes this is the first time an affordable housing deal in Massachusetts utilized American Rescue Plan Act (ARPA) funding. Washington, DC Affordable Housing & Real Estate partner and General Real Estate & Transactional team leader Dara Histed led the NP team, which also included New York City Project Finance & Public Finance counsel Barry Rothchild; and Boston counsel Karla Chaffee, Washington, DC associate Jamie Flesch, and Boston paralegal Vienna Kim, all of the Affordable Housing & Real Estate practice.
- The Bond Buyer
Santee Cooper approves $1.3 billion tender, exchange bond refunding
This article on Santee Cooper’s board approving a $1.3 billion tender and exchange bond refunding mentions the firm for serving as disclosure counsel. The NP team representing the South Carolina-owned utility company includes partners Liz Columbo, Virginia Wong, and Barry Rothchild of New York, Mitch Rapaport of Washington, DC, and New York counsel Abigail Olsen and associate Sebastian Torres-Rodriguez, all of the Project Finance & Public Finance group. Washington, DC Corporate partner Lloyd Spencer and Los Angeles Project Finance & Public Finance partner Dan Deaton assisted with the analysis of securities laws related to the tender and exchange.Feb 9, 2022 - The Bond Buyer
Nixon Peabody Promotes Two to Counsel
This coverage highlights the promotions of Public Finance counsel Neal Pandozzi and Barry Rothchild.Oct 29, 2013
Admitted to practice
New York
Education
Fordham University School of Law, J.D.
State University of New York at Albany, B.S., cum laude
Recognition
- Selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2025 in the field of Public Finance Law
