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Introduction
Angelica Valencia is a partner in the Project Finance and Public Finance group and serves as bond counsel and underwriter's counsel in a variety of financings involving transportation, infrastructure, utilities, nonprofit corporations, public-private partnerships (P3), school districts, higher education, and multi-family housing projects.
My focus
Transportation & Infrastructure
My practice focuses on transportation, financing and infrastructure projects. I work closely with the Build America Bureau on its Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which provides financing for a range of transportation projects throughout the United States, and its Railroad Rehabilitation & Improvement Financing (RRIF) program, which provides loans and loan guarantees to finance the development of railroad infrastructure.
Public-Private Partnerships (P3)
I have supported many of the country’s largest and most complex P3 projects including, the LAX Automated People Mover and Long Beach Civic Center P3. My work for these projects have included coordinating the preparation of required financing documentation and credit rating submissions, as well as legal input on funding agreements and requirements.
Puerto Rico
Recently, much of my work has involved representing a number of agencies in Puerto Rico, including the Puerto Rico Aqueduct and Sewer Authority, the Puerto Rico Highways and Transportation Authority and the Puerto Rico Sales Tax Financing Corporation.
Cultural Institutions
I also represent a number of 501(c)(3) foundations, non-profits, and cultural institutions as issuer and underwriter’s counsel in their taxable and tax-exempt bond offerings, supporting social and economic grants.
Education
Counsel multiple school districts in financing construction and rehabilitation of schools in their communities.
Representative experience
- Los Angeles International Airport Automated People Mover Project: Served as bond counsel on The Bond Buyer’s 2018 Far West Deal of the Year, which was awarded for its $1.2 billion financing for the Los Angeles International Airport Automated People Mover Project.
- Agricultural Project: Represented investment bankers in connection with the financing of an innovative project in northern California referred to as the Cal Ag Project. The Project will process rice straw (the portion of the rice crop remaining after the rice has been harvested) and produce medium density fiberboard (MDF). The primary use of MDF is in the manufacturing of panel board used for cabinets and other building products.
Looking ahead
The evolving infrastructure needs require creative solutions. P3s will continue as a financing tool permitting the private and public sectors to work together.
Insights
- Moderator, “Latest on the Implementation of the Infrastructure Law,” The Bond Buyer 2022 Infrastructure Conference, November 14, 2022
- Moderator, “How Do I Build a P3? Best Practices in Risk Allocation and Surety,” 2021 P3 Higher Education Summit, October 26, 2021
- Speaker, “Transit Projects and Vehicle Delivery – What is the Best Approach for Owners?” Public-Private Partnership Conference & Expo, March 2020
- Co-author, “Airport P3s – Looking down the runway,” Project Finance International, June 16, 2020
In the news
- The Bond Buyer
Where Asian Americans in public finance go, others hope to follow
Oct 26, 2023Los Angeles Project Finance & Public Finance partner Jade Turner-Bond is quoted in this article highlighting recent diversity efforts in California’s municipal bond industry. Jade is recognized for her work to help relaunch the African Americans in Public Finance affinity group and discusses lessons learned from her tenure on the Women in Public Finance Board of Directors. The article also mentions Los Angeles PBFN partner Angelica Valencia as the Vice President for Programming for Latinos in Public Finance, and San Francisco PBFN associate Dia Walrath as a member of the African Americans in Public Finance affinity group.
- El Nuevo Dia
The Highways and Transportation Authority’s adjustment plan goes into effect
Dec 7, 2022This article, which covers a debt restructuring of the Puerto Rico Highways and Transportation Authority outstanding indebtedness, mentions NP as legal advisors on the new indebtedness. The NP team includes Project Finance & Public Finance practice group leader Virginia Wong from New York, Washington, DC partners Mitch Rapaport and Carla Young, Los Angeles partner Angelica Valencia, New York associate Sebastian Torres-Rodriguez, and New York senior paralegals Carolyn Yi-Medina and Patrick McGovern, all of the Project Finance & Public Finance group.
- The Bond Buyer
Puerto Rico's restructured bonds will be exempt, and provide fresh high-yield liquidity
This article on Puerto Rico’s restructured general obligation bonds mentions NP for the firm’s determination that the bonds will be tax-exempt. The NP team is comprised of New York City partners Virginia Wong, Ken Lind, and Liz Columbo, and associate Sebastian Torres; Washington, DC partners Mitch Rapaport and Carla Young; and Los Angeles partner Angelica Valencia, all of the Project Finance & Public Finance group.March 3, 2022 - The Bond Buyer
California sugarcane-to-ethanol plant verified green bond sale
This article on the $575 million in bonds for California Ethanol + Power, which will fund the construction of the Sugar Valley Energy alternative fuel and energy plant to convert sugarcane into ethanol mentions NP as disclosure counsel. The NP team includes Los Angeles partners Dan Deaton and Angelica Valencia and New York City partner Scott Singer, all of the Project Finance & Public Finance group.June 3, 2021 - Project Finance International
Airport P3s – Looking down the runway
Project Finance & Public Finance partners Roddy Devlin, in New York, and Angelica Valencia, in Los Angeles, contributed this article on their outlook on P3s in the airport industry, and the downstream effect of COVID-19 on new project development.June 16, 2020 - The Bond Buyer
Rising stars: Angelica Valencia
Los Angeles Project Finance and Public Finance partner Angelica Valencia has earned recognition as a Rising Star from The Bond Buyer, a leading publication for municipal finance news. Angelica is also one of three honorees featured on this year’s supplement cover.Sep 24, 2019 - The Bond Buyer
Valencia named Nixon Peabody partner as her role expands
Los Angeles Project Finance and Public Finance partner Angelica Valencia is featured in this story on her promotion to partner. Practice group leader Ken Lind is also quoted.Feb 12, 2019
Admitted to practice
California
New York
Education
New York University School of Law, J.D.
University of California, Berkeley, B.A.
Professional activities
- Board member, Learning Rights Law Center, Finance Committee
Recognition
- Selected for inclusion in the Bond Buyer’s Rising Stars list for 2019.
Languages
Spanish
Insights And Happenings
View AllPress Release
Nixon Peabody elevates 12 attorneys to partner
Professionals in the Practice Area
View AllVirginia Wong
Partner / Practice Group Leader, Project Finance and Public Finance- New York
- Office:+1 212.940.3028
- vwong@nixonpeabody.com
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Julie K. Seymour
Partner / Strategic Impact Partner- Chicago
- Office:+1 312.977.4353
- jkseymour@nixonpeabody.com
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Scott R. Singer
Partner- New York
- Office:+1 212.940.3182Mobile:+1 917.886.5967
- ssinger@nixonpeabody.com
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