Tobacco Securitization

Hawkins has very significant experience and expertise in tobacco settlement securitization transactions throughout the country. Hawkins is the leading law firm in tobacco securitization financings, having participated in 80 financings, aggregating in excess of $47 billion, significantly more in terms of number of deals and dollar volume than any other law firm. Hawkins has participated in 55 of the 107 state tobacco financings (including those for the District of Columbia and the Virgin Islands) that have closed, more than any other law firm.

The following table provides a roster of tobacco securitization transactions and Hawkins’ role in each:

State

        Amount

        Closing Date

       Hawkins’ Role

Alabama

$50,000,000

9/21/2000

UC

Alaska

$116,050,000

10/26/2000

UC

District of Columbia  

$521,105,000

3/13/2001

SC

Alaska

$126,790,000

8/15/2001

UC

Iowa

$644,245,000

10/25/2001

BC

Louisiana

$1,202,770,000

11/7/2001

BC

Virgin Islands

$21,709,861

11/20/2001

UC

Rhode Island

$685,390,000

6/27/2002

BC

California

$196,550,000

7/17/2002

DC

New Jersey

$1,801,455,000

8/28/2002

BC

Washington

$517,905,000

11/5/2002

BC

California

$3,000,000,000

1/29/2003

UC

New Jersey

$1,659,170,000

3/7/2003

BC

New York

$2,310,705,000

6/19/2003

BC

California

$2,572,285,000

9/30/2003

UC

New York
$2,240,415,000
12/2/2003
BC
California
$3,140,563,000
7/28/2005
UC
California
$61,751,000
04/13/2006
DC
New Jersey
$3,622,208,000
1/23/2007
BC
California
$4,446,833,000
3/8/2007
UC
Rhode Island
$197,005,000
6/21/2007
BC
New York
$443,875,000
3/19/2008
BC
New York
$959,195,000
 06/29/2011
BC
South Dakota
$169,645,000
02/28/2013
UC
Louisiana
$659,745,000
07/02/2013
BC
Washington
$334,700,000
10/02/2013
BC
New York 

$1,225,745,000

12/05/2013

BC

Rhode Island
$620,680,000
03/11/2015
BC
California
$1,692,050,000
03/25/2015
DC
 

County                     

      Amount

        Closing Date

      Hawkins’ Role

   

Nassau (NY)

$294,500,000

11/23/1999

UC

Westchester (NY)

$103,505,000

12/22/1999

BC

Chautauqua (NY)

$30,115,000

9/27/2000

UC

Erie (NY)

$246,325,000

10/5/2000

BC

Sacramento (CA)

$199,620,000

8/23/2001

DC

Rockland (NY)

$47,750,000

12/20/2001

BC

San Diego (CA)

$466,840,000

1/3/2002

UC

Stanislaus (CA)

$67,305,000

4/4/2002

UC

Merced (CA)

$30,515,000

4/4/2002

UC

Kern (CA)

$105,245,000

5/30/2002

UC

Fresno (CA)

$92,995,000

7/25/2002

BC, DC

California Pool (CA)
$196,545,000
8/1/2002
DC

Alameda County (CA)

$220,525,000

10/30/2002

UC 

Westchester (NY)
$216,000,000
6/15/2005
BC
Erie (NY)
$336,530,000
8/10/2005
BC
No. California TSA(CA)
$255,486,000
12/2/2005
DC
California Pool (CA)
$319,827,000
2/3/2006
DC, SC
California Pool (CA)
$39.035,000
4/6/2006
BC
So. California TSA (CA)
$583,631,000
5/26/2006
UC
San Diego TSA (CA)
$105,400,000
6/16/2006
BC
Northern TSA (AK)
$411,988,000
8/11/2006
BC
Sillicon Valley TSA (CA)
$102,030,000
1/12/2007
DC
Inland Empire TSA (CA)
$294,084,000
8/03/2007
DC
Buckeye (OH)
$5,531,594,000
10/24/2007
BC
Suffolk (NY)
$233,152,000
8/14/2008
BC
Railsplitter  TSA (IL)
$1,503,460,000
12/01/2010
UC
Suffolk (NY)
$38,375,000
3/29/2012
UC
Niagara (NY)
$44,295,000
 9/09/2014
UC

California Pool (CA)

$95,869,000

10/22/2014

DC

(Note: BC = Bond Counsel; DC = Disclosure Counsel; SC = Special Counsel; and UC = Underwriter's Counsel)

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