Randall J. Towers


Tel 215.864.8522
Fax 215.864.8999

Randall J. Towers regularly represents governmental entities, borrowers, underwriters, and purchasers in corporate, municipal, and project finance transactions. He also counsels public and private clients in mergers, acquisitions and divestitures, leveraged leasing transactions, and general business law. He is experienced in all facets of project and energy financing and public finance, where he has over 29 years of experience acting as underwriter's counsel and bond counsel in connection with the structuring, offering, placement, remarketing and restructuring of tax-exempt and taxable municipal securities, and corporate debentures and other debt instruments. Randy has spent his entire legal career at Ballard Spahr.

Randy is the Chair of the firm's Opinion Committee and he has served two terms on the firm's elected board.

Representative Matters

  • Served as bond counsel to the Pennsylvania State issuer on a refunding/new money transaction for a national waste company in connection with its waste management facilities in Pennsylvania
  • Served as underwriter's counsel to a leading investment bank in connection with the issuance of tax exempt bonds for qualified solid waste disposal facilities which will convert waste straw to non-wood based pulp
  • Served as counsel to two leading investment banks on three deals using tax exempt bonds. The project financed the acquisition and development of a municipal solid waste to biofuel plant near Las Vegas, Nevada.
  • Served as underwriter's counsel for a project that uses woody biomass as its feedstock to produce jet fuel as its principal product in multi-step financing that included tax exempt, taxable, and subordinated debt
  • Served as underwriters' counsel, remarketing agents' counsel and bond counsel in connection with the issuance, refunding, and remarketing of more than $4 billion of pollution control/exempt facilities and other debt for a number of investorĀ­ owned utility companies, waste management companies, and manufacturing companies over the past two years
  • Served as underwriters' counsel in connection with a Rule 144A offering of $1 billion of senior unsecured notes for the holding company of two regulated electric transmission companies
  • Served as underwriters' counsel in connection with Rule 144A offerings of $450 million in senior unsecured notes for two related electric utilities
  • Served as solicitation agent's counsel in connection with a consent solicitation of $1.5 billion of tax-exempt bonds
  • Served as underwriters' counsel in connection with a Rule 144A offering of $500 million in senior unsecured notes for an electric utility
  • Served as underwriters' counsel in connection with a Rule 144A offering of $1 billion of first mortgage bonds issued by an electric utility
  • Served as underwriter's counsel in connection with a public offering of $250 million of senior unsecured notes issued by a gas utility company
  • Represented large institutional purchasers in their private placement purchase of $240 million of secured senior notes from a Midwestern electric cooperative
  • Represented the leading U.S. EB-5 syndicator in connection with alternative secured funding for a marine project in Staten Island, New York
  • Represented a regional port authority in connection with its proposed P3 financing of a marine terminal facility
  • Represented the Commonwealth of Pennsylvania in connection with the proposed privatization of the Pennsylvania Turnpike
  • Represented an industrial manufacturer in all aspects of its worldwide distribution

Professional Activities

American Bar Association

Pennsylvania Bar Association

National Association of Bond Lawyers


Co-author, "Pennsylvania 'Advanced Recycling' Bill Seeks to Keep Single-Use Plastics Out of Landfills," Ballard Spahr alert, November 17, 2020

Delaware Law School (J.D. 1989, magna cum laude)
Editor, The Delaware Journal of Corporate Law; Author, "Copiat vs. United States: The Grey Market Gets Greyer," 14 Del. J. Corp. L. 108, 1988

St. Joseph's University (B.S. 1985)