Practices & Industries

Profile

Ray Fricke has more than 30 years of experience providing municipal finance assistance to municipalities, airport authorities, hospital districts, state agencies, school districts and park districts serving as bond counsel, underwriter’s counsel, disclosure counsel, issuer’s counsel, bank counsel and borrower’s counsel. He is a member of the Firm’s Government & Regulatory practice and chair’s the Firm’s Municipal Finance practice.

Ray’s broad bond experience includes tax-exempt and taxable, fixed and variable rate, new money and refunding, direct purchases, public and private placement offerings, insured and liquidity supported, conversions, restructurings, capital appreciation, and bank-qualified transactions.

His experience also includes work on bonds issued to fund utilities, housing, industrial development, waste disposal, health care providers and higher education institutions. Ray represents various parties in connection with tax increment, special service area, special assessment and municipal lease financings.

In addition to bond work, Ray represents municipal entities and banks in connection with revolving credit agreements, construction and term loans, standby bond purchase agreements, reimbursement agreements and letters of credit.

Prior to joining the Firm in 2018, Ray practiced at the Chicago office of Kutak Rock L.L.P. Prior to that, he practiced at Nixon Peabody and Katten Muchin.

Ray received his J.D. from DePaul University College of Law in 1990, and his B.A. from Northwestern University in 1981.

Experience

Recent bond projects include the following:

Bond Counsel for $139M issuance for Regional Transportation Authority for Cook, DuPage, Kane, Lake, McHenry and Will Countries

Underwriter’s Counsel for $400M University of Chicago Taxable Fixed Rate Bonds for Wells Fargo Securities, LLC

Underwriter’s Counsel for $4.5M debt certificates for an Illinois school district

Special Pension Disclosure Counsel for $155M county sales tax revenue bonds

Issuer's Counsel for $37.5M local government program revenue bonds

Lessor's Counsel for $9M school district lease certificates

Bond Counsel for $9M for municipal government general obligation bonds

Underwriter's Counsel for $4.4M for suburban municipality general obligation bonds

Lessor's Counsel for $10M general obligation lease certificates for DuPage County, Illinois-based school district

Bond Counsel for $30M community college issuance for DuPage, Cook and Will counties and State of Illinois

Bond Counsel for $6.4M issuance for airport authority general obligation refunding bonds

Underwriter's Counsel for $25M general obligation water bonds for an IL water commission

Special Pension Disclosure Counsel for $101M Illinois county general obligation refunding bonds

Underwriter's Counsel for $2.1M school district general obligation school bonds

Underwriter's Counsel for $1.3M municipal general obligation school bonds

Bank Counsel for $250M hotel construction loan note

Underwriter's Counsel for $3.7M consolidated school district general obligation school refunding bonds

Underwriter's Counsel for $40.5M school district general obligation school bonds

Special pension disclosure counsel for $165M county sales tax revenue bonds

Pressroom

330 North Wabash Avenue, Suite 2100
Chicago, Illinois 60611-3607
T: 312.840.7000
F: 312.840.7900