McCall has vast experience as bond counsel on all forms of airport financings. We have served many airports throughout the State of Texas as bond counsel, evidencing long-term relationships. From serving as bond counsel to Dallas Fort Worth International Airport since its inception in 1968 to serving as bond counsel on Dallas Love Field financings since its first bond financing, McCall has deep roots and experience with airport financings. McCall was also instrumental as bond counsel for capital improvements at the Austin-Bergstrom International Airport and the San Antonio International Airport, among others.
Airport financings have involved many innovative structures and varying degrees of complexity. The firm has experience with general airport revenue bonds, the most common financing structure, special facility bonds and bonds secured by public facility charges. Additionally, the firm has experience with airport financings for specialty, stand-alone airport projects like hotels and rental car facilities. McCall also has vast experience with conduit airport financings on behalf of airlines, freight companies and other private users of airports. The firm was instrumental in obtaining a private letter ruling that allowed the financing and refinancing of numerous bond issues on a non-AMT basis, thereby saving issuers significant amounts of operating revenues that became available for capital improvements.
McCall has a long history of serving as bond counsel for financings of docks and wharves, including marine transfer facilities and storage tanks, at numerous ports and navigation districts in the State of Texas. The firm has served as bond counsel on financings of general improvements to docks and wharves that are a significant economic engine for communities along the Gulf Coast. The firm has also served as bond counsel on conduit financings for privately used facilities, such as dedicated docks and wharves and through preferential use agreements, at the Port of Port Arthur, the Calhoun Port Authority and the Port of Corpus Christi.