This website uses cookies. By using this website, you agree to our Cookie Policy.
Cadwalader has a market-leading practice in secondary market tax-exempt securitizations, representing several of the largest sponsors of tender option bond programs, as well as a wide variety of investors in the residual classes of these programs. In the area of municipal structured products, Cadwalader has been involved in the development and marketing of critical new products including the securitization of pools of unrated tax-exempt obligations (such as leases, multi-family housing and small business, industrial and commercial revenue loans), the first tax-exempt inflation-linked bond issuance and the first municipal defeasance restructuring swap transaction. Cadwalader also represents dealers and investors in connection with matters involving municipal closed-end funds, including the restructuring of legacy auction-rate securities into term-rate preferred shares.