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Stephen L. Cordell

Member

  • (T) 704.338.5337
  • (F) 704.805.4739
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Overview

For the past 30 years, Steve has devoted his practice to one area – public finance. Over that period, Steve has served as bond counsel, underwriter’s counsel, borrower’s counsel or credit/liquidity provider counsel on some of the largest and most sophisticated financings undertaken in North Carolina. These transactions include:

  • Revenue bond financings
  • General obligation bond financings
  • Installment contract/appropriation financings.

Steve served as the primary public finance counsel to the State Treasurer of North Carolina from 2001-2008 and currently serves on the three-member public finance counsel pool to the State Treasurer of North Carolina. His responsibilities as public finance counsel include review and drafting of legislation, as well as consultation on various tax and other issues related to public finance. Steve currently serves on the three-member bond counsel pool for the issuance of various types of bonds by the State of North Carolina which finance a broad variety of projects across the State of North Carolina.

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Education
  • University of Florida Levin College of Law, LL.M. (Taxation), 1983
  • Wake Forest University School of Law, J.D., 1982
  • North Carolina State University, B.A., cum laude, 1979
Bar Admissions
  • North Carolina
Civic & Professional Memberships
  • National Association of Bond Lawyers
  • North Carolina Bar Association
Recognitions
  • Listed in Best Lawyers in America® for Public Finance, annually since 2005

State of North Carolina

• $224,640,000 Grant Anticipation Revenue Vehicle Refunding Bonds, Series 2017
• $264,930,000 Grant Anticipation Revenue Vehicle Bonds, Series 2015
• $179,540,000 Grant Anticipation Revenue Vehicle Bonds, Series 2012
• $145,535,000 Grant Anticipation Revenue Vehicle Bonds, Series 2011

Cabarrus County

• $70,820,000 Limited Obligation Bonds (County of Cabarrus, North Carolina), Series 2017
• $73,785,000 Limited Obligation Bonds (County of Cabarrus, North Carolina), Series 2016
• $134,235,000 Limited Obligation Refunding Bonds (County of Cabarrus, North Carolina), Series 2015A-2015D
• $62,360,000 General Obligation Refunding Bonds, Series 2013
• $14,635,000 Cabarrus County Development Corporation Taxable Limited Obligation Qualified School Construction Bonds (Installment Financing Contract), Series 2011A

Catawba County

• $43,340,000 Hospital Refunding Revenue Bonds (Catawba Valley Medical Center), Series 2016A and 2016B
• $5,000,000 U.S. Bank Master Tax-Exempt Lease/Purchase Agreement
• $11,340,000 Hospital Refunding Revenue Bonds (Catawba Valley Medical Center), Series 2011
• $22,000,000 Hospital Revenue Bonds (Catawba Valley Medical Center Project) Series 2010

Johnston County

• $26,750,000 Johnston County Finance Corporation Limited Obligation Bonds (County of Johnston, North Carolina), Series 2017A
• $20,741,000 Johnston County Finance Corporation Limited Obligation Refunding Bonds (County of Johnston, North Carolina), Series 2017
• $27,000,000 General Obligation Public Improvement Bonds, Series 2016
• $11,925,000 General Obligation Refunding Bonds, Series 2016
• $18,000,000 General Obligation School Bonds, Series 2015
• $50,060,000 General Obligation Refunding Bonds, Series 2015
• $43,990,000 Johnston County Finance Corporation Limited Obligation Bonds (County of Johnston, North Carolina), Series 2014

North Carolina Medical Care Commission

• $35,000,000 Health Care Facilities Refunding Revenue Bonds (Blue Ridge Healthcare), Series 2016A
• $25,605,000 Health Care Facilities Revenue and Refunding Revenue Bonds (Columbus Regional Healthcare System), Series 2013A
• $27,665,000 Retirement Facilities First Mortgage Revenue Bonds (Cornelia Nixon Davis, Inc. Project), Series 2012
• $39,560,000 Health Care Facilities Revenue and Refunding Revenue Bonds (Cleveland HealthCare Systems), Series 2011A
• $51,195,000 Health Care Facilities Refunding Revenue Bonds (Blue Ridge Health Care), Series 2010A

Representative Matters as Underwriter's Counsel  (Listed by Issuer)

The Charlotte-Mecklenburg Hospital Authority d/b/a Carolinas HealthCare System

• $390,560,000 Health Care Refunding Revenue Bonds, Series 2016A.
• $127,260,000 Health Care Revenue and Refunding Revenue Bonds, Series 2013A
• $155,060,000 Health Care Revenue and Refunding Bonds, Series 2012A
• $149,995,000 Health Care Revenue Bonds, Series 2011A

Mecklenburg County

• $49,000,000 General Obligation Public Improvement Bonds, Series 2011A
• $164,015,000 General Obligation Refunding Bonds, Series 2011C

City of Charlotte

• $175,690,000 General Obligation Refunding Bonds, Series 2012A
• $36,510,000 Certificates of Participation (Equipment Acquisitions and Public Facilities), Series 2012A

City of Sanford

• $18,230,000 Enterprise Systems Revenue Bonds, Series 2010A
• $34,585,000 Taxable Enterprise Systems Revenue Bonds, Series 2010B 

Buncombe County

• $31,500,000 Limited Obligation Bonds, Series 2010A
• $36,465,000 Taxable Limited Obligation Bonds (Build America Bonds), Series 2009C

Representative Matters as Borrower's Counsel

• $7,087,000 Taxable Loan to The Presbyterian Home at Charlotte, Inc. from Branch Banking & Trust Company
• $6,000,000 Taxable Loan to The Presbyterian Home at Charlotte, Inc. from Branch Banking & Trust Company
• $2,300,000 Taxable Loan to The Presbyterian Home at Charlotte, Inc. from Branch Banking & Trust Company
• $7,000,000 Revolving Line of Credit to Gardner-Webb University from PNC Bank, National Association
• $25,000,000 Taxable Step-Down Revolving Line of Credit to Wingate University from Fifth Third Bank
• $20,000,000 North Carolina Capital Facilities Finance Agency Revenue Bonds (Davidson College), Series 2012
• $33,460,000 Taxable Loan to Gardner-Webb University from RBC Bank

Steve is a passionate fan of ACC football and basketball, especially his beloved NC State Wolfpack.

Steve Cordell main bio photoSteve Cordell outside NP photo

“In my practice, helping clients obtain the capital they need for the success of their activities is the greatest reward.”