Overview
Experience
Insights
News
Education and Credentials
Recognition and Community
Overview
Namita Shah, chair of Day Pitney’s Private Equity and Finance business unit, practices in the area of public and private finance. Namita serves as the primary attorney in Day Pitney's roles as Lead Bond Counsel and Lead Disclosure Counsel for the State of Connecticut. She has acted as bond counsel, disclosure counsel, borrower’s counsel, underwriter's counsel and trustee's counsel on general obligation, special revenue and conduit financings throughout the region. She has extensive experience with general state and municipal law as well as laws relating to state agencies and authorities. She frequently drafts state legislation on a range of matters, including the authorization of economic recovery notes and GAAP deficit bonds as well as state legislation to ensure compliance with new federal requirements and regulations. Her institutional finance and commercial lending work includes secured and unsecured bank lending, asset-backed structured financing and private placements of secured and unsecured senior and mezzanine debt.
Namita is a member of the firm’s Executive Board, Diversity and Inclusion Committee and leadership team for Day Pitney Diverse Attorneys.
Experience
Prior results do not guarantee a similar outcome.
Representation of the State of Connecticut as bond counsel, disclosure counsel and lead counsel in numerous bond issuances
Served as lead bond counsel and lead disclosure counsel in the State of Connecticut's largest bond sale in its history, almost $2.3 billion State of Connecticut Taxable General Obligation Bonds (Teachers' Retirement Fund 2008 Series A - Current Interest Bonds) (Teachers' Retirement Fund 2008 Series B - Capital Appreciation Bonds). The bonds were marketed in the United States and Europe, and were listed on the Luxembourg Stock Exchange. A special website was established for investors
Served as lead bond counsel in the State of Connecticut’s first issue of Social Bonds, $300 million State of Connecticut General Obligation Bonds (2021 Series B) (Social Bonds)
Served as lead bond counsel in the State of Connecticut's first issue of Green Bonds, $60,000,000 State of Connecticut General Obligation Bonds (Green Bonds, 2014 Series G)
Served as bond counsel on each series of revenue bonds issued by the Connecticut Health and Educational Facilities Authority for the Connecticut State University System. Each issue was secured by a state supported special capital reserve fund and sold competitively to finance a wide variety of facilities including dormitories, student centers, food service facilities and other auxiliary buildings
Served as underwriter's counsel in connection with the refunding of bonds issued by the New York Convention Center Development Corporation to finance the Jacob K. Javits Convention Center which were secured by a hotel unit fee and a guaranty by the State of New York Mortgage Agency
Served as Lead Bond Counsel and Disclosure Counsel in the conversion of the State of Connecticut's $280,000,000 General Obligation Bonds (2005 Series A) from a Weekly Rate Mode to SIFMA Index Bonds. The transaction involved not only the conversion to the new mode, but required an amendment of the bonds to add the new SIFMA mode, accomplished by triggering a mandatory tender by converting the bonds to a permissible mode, obtaining the purchaser's consent to amend the bonds while the bonds were held by the purchaser, and converting the Bonds to the newly added mode pursuant to the terms of the amended Bonds. The challenges involved in the transaction included numerous state law compliance issues, time-sensitivity, financial structuring issues and terminating an existing standby bond purchase agreement and remarketing agreement
Representation of borrowers as borrower's counsel in public finance transactions, including in transactions over $1 billion
Representation of trustee banks as trustee's counsel in public finance transactions
Representation of underwriters as underwriters' counsel in public finance transactions
Representation of institutional investors in private placements of secured and unsecured senior and mezzanine debt
Representation of banks in both secured and unsecured financings
Insights
Speaker, November 28, 2022, University of Connecticut School of Law
Moderator, June 29, 2022, "The 10th Anniversary of The Attorneys of Color Symposium," hosted by Quinnipiac University School of Law
Speaker, January 14, 2021
Co-author, December 17, 2020, Day Pitney Alert
Co-author, December 1, 2020, Day Pitney Alert
News
Featured, September 19, 2024 , Day Pitney Press Release
Mentioned, April 2, 2024 , Day Pitney Press Release
Quoted, April 19, 2023, Law360 Pulse
Featured, April 7, 2023, Diverse Lawyers Network newsletter
Mentioned, April 5, 2023, Boca Raton Tribune
Education and Credentials
Education
Boston University School of Law, J.D., magna cum laude, 1996
University of Connecticut, B.S., magna cum laude, 1993
Admissions
State of Connecticut
Affiliations
American College of Bond Counsel, Fellow
Connecticut Bar Association
Connecticut Bar Foundation, James W. Cooper Fellow
Government Finance Officers Association of Connecticut
National Association of Bond Lawyers
South Asian Bar Association of Connecticut (SABAC), President, 2018-2020
Languages
Hindi
Recognition and Community
Recognition
No aspect of these advertisements has been approved by the highest court of any state. See Awards Methodology.
Recipient of the South Asian Bar Association of Connecticut's Trailblazer Award, 2024
Recipient of a South Asian Bar Association of North America's Cornerstone Award, 2022
Chosen for inclusion in The Best Lawyers in America (Woodward/White, Inc.) for Public Finance Law, 2023-2025
Honored as a "Woman Worth Watching" by the Profiles in Diversity Journal, 2017
Recognized as a "Woman of Power" by the Urban League of Southern Connecticut, 2014
Community
Connecticut Bar Foundation, Board
Greater Hartford Legal Aid, Board
Pro Bono Partnership, Advisory Board
South Asian Bar Association of Connecticut, Advisory Board