Thomas A. Sage - Andrews Kurth Kenyon LLP

Thomas A. Sage

Listed in Best Lawyers since 2008
Phone: 713-220-3833

Tom counsels both issuers and underwriters in almost every aspect of tax-exempt financing and infrastructure development. Tom emphasizes his practice in the realm of school finance, municipal finance, infrastructure, and urban development. He regularly serves as bond counsel for several cities, counties, and school districts as well as special utility districts. Tom is the foremost authority on educational finance.

In the area of traditional finance, Tom has been instrumental in guiding a number of clients through financing structures that avoid any negative impact on the tax base. In addition, he completed Texas’ first constant maturity swap transaction for voted bonds. Tom also developed the practice and is the authority for charter school bond financings in the States of Texas and Arkansas.

Additional Information

Representative Experience

School Districts and College Districts

  • Pioneered novel structure permitting "rolling refundings" - thereby permitting clients immediate market access for significant savings
  • Served as bond counsel for an Independent School District in the sale of $276.5 million Unlimited Tax Adjustable Rate Schoolhouse Refunding Bonds
  • Served as bond counsel for Goose Creek Consolidated Independent School District in the sale of $16 million Qualified Zone Academy Bonds
  • Created structure for Variable Rate Refunding transactions that preserve PSF Guaranty and EDA funding and issued over $400 million in Variable Rate Bonds for various clients
  • Served as bond counsel for College Districts in the development and issuance of Lease Revenue Bonds and Commercial Paper programs
  • Innovated novel refunding structures for larger issuers involving an aggregation of legal authority, allowing clients to optimize market entry
  • Served as bond counsel to Lone Star College System in connection with the state's first CMS interest rate swap transactions for both General Obligation and Revenue Bonds
Charter Schools
  • Served as Bond Counsel on the first PSF guaranteed bond issue in the State of Texas. Developed novel structures to optimize the PSF impact for the client
  • Served as Bond Counsel for KIPP Inc. in the sale of $70 million in charter school revenue bonds
  • Developed first Charter Lease Revenue financing structure
  • Instrumental in developing the statutes and regulations for PSF Guaranty for Charter School bonds
  • Developed a Commercial Paper financing structure leveraging the assets of an endowed foundation
  • Represented clients in drafting and passing valuable legislation enabling access to Federal funding through the U.S. Department of Education
  • Served as Bond Counsel on the first Charter School financings in Texas and Arkansas
  • Represented clients in drafting valuable legislation to provide credit enhancement for Charter School Bonds
Cities and Counties
  • Served as bond counsel for the City of Sugar Land in the financing of their minor league baseball stadium
  • Served as underwriters counsel for a County in the issuance of Pass Through Toll Revenue and Limited Tax Bonds
  • Represented cities in re-apportioning the voted sales taxes to meet current needs of the community
Special Districts
  • Serves as general counsel for numerous special utility districts and water authorities providing both local and regional infrastructure and utilities
  • Represented the City of Magnolia in negotiating the Development Agreement and issuing the Public Improvement District Revenue Bonds to finance a 700 acre mixed-use development
  • Serves as counsel on regional water and drainage projects
University of Houston Law CenterJ.D. University of Houston Law CenterJ.D. University of MontanaMAS
National Association of Bond Lawyers, Editorial BoardNational Association of Bond Lawyers, Associate Network

Office Location

600 Travis Street, Suite 4200
Houston, TX 77002
United States

Practice Areas

Public Finance Law