Overview

Joe Saverino is a partner and member of Chapman’s Illinois Public Finance Department as well as the public-private partnerships practice, and serves on the firm’s Employment Committee.

Public Finance

As a member of the Illinois Public Finance Department, Joe works on municipal financings for school districts, park districts, cities, villages, counties, special service areas, and townships in the roles of bond counsel, disclosure counsel, and underwriter’s counsel. He manages due diligence calls with issuers prior to public offerings of municipal obligations and advises issuers, commercial banks, investment banks, and municipal advisors on state law and federal tax law matters related to the structure and sale of governmental obligations.

Joe speaks widely at industry forums discussing municipal law topics and has presented best practices compliance presentations for the firm’s clients.

Public-Private Partnerships (P3s)

As a member of the Chapman’s P3 team, Joe works on P3 financings across the country. He served as underwriter’s counsel for The Bond Buyer’s inaugural P3 Deal of the Year (2019). The financing involved the Commonwealth of Virginia partnering with Transurban, an Australian toll road operations company, to finance the construction of the Fredericksburg Extension, an extension of the I-95 HOV/HOT Lanes (Express Lanes) in Stafford County, Virginia. The project was financed in part by $262 million of tax-exempt private activity bonds issued by the Virginia Small Business Financing Authority.

Joe served as underwriter’s counsel on P3 financings and projects involving Terminal 4 at JFK Airport in New York and the Lincoln South Beltway in Nebraska. The Lincoln South Beltway project was named The Bond Buyer’s P3 Deal of the Year (2020) for its financing structure, which is the first-of-its-kind in the United States and consists of a publicly offered tax-exempt bond financing, with such bonds being repaid, in part, through payments by the Nebraska Department of Transportation on deferred contract payment certificates.

Representative Matters

  • Underwriter’s counsel in the $935 million refinancing of three outstanding debt obligations of JFK International Air Terminal LLC (JFK IAT), the private entity which operates and manages Terminal 4 at the airport
  • Underwriter’s counsel in the $528 million green bond offering to refinance the cable-stayed Lewis and Clark Bridge across the Ohio River
  • Underwriter’s counsel in a $236 million tax-exempt “receivables” financing of the Lincoln South Beltway P3 project of the Nebraska Department of Transportation, named The Bond Buyer’s P3 Deal of the Year (2020)
  • Underwriter’s counsel for $262 million of Senior Lien Revenue Bonds issued by the Virginia Small Business Financing Authority to fund the I-95 Fredericksburg extension, named The Bond Buyer’s inaugural P3 Deal of the Year (2019)
  • Disclosure counsel to the State of Illinois in the issuance of $750 million General Obligation Bonds Series November 2019
  • Disclosure counsel to the State of Illinois in the issuance of $450 million Illinois Finance Authority State of Illinois Clean Water Initiative Revolving Fund Revenue Bond Series 2019 (Green Bonds)
  • Disclosure counsel for the $64 million City of Owensboro, Kentucky Electric Light and Power System Refunding Revenue Bonds Series 2019

Admitted

Illinois

Education

University of Illinois College of Law, J.D., magna cum laude, 2012

  • Member, Journal of Law, Technology & Policy

Marquette University, B.S., Accounting and Finance, summa cum laude, 2009

Notable Engagements

Insights

Publications

Author, "Ten Things Administrators Should Know about School Bonds," Illinois Association of School Administrators' Leadership Matters, October 2020

Presentations

Moderator, “Air/port P3 Investment Takes Off,” Inframation US P3 Forum, October 26, 2021

We have always been focused on finance.

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    Chapman's first client in 1913 is still a client of the firm today
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    Diverse financial practices serving regional, national, and global clients
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