Silvia A Shin Profile Image

Helping build the fabric of communities is what Silvia Shin enjoys most about being a public finance attorney. She especially likes that the results of her legal work are tangible. Toll roads, highways and transportation facilities; sewer systems; a co-generation facility; government buildings; sports complexes; and schools stand as a result of the tax-exempt and taxable municipal financings and other debt instruments that she has helped her clients to secure. 

Her legal practice is a marriage of her interests in the capital markets and politics and her master’s degree credentials from Duke University’s Terry Sanford Institute of Public Policy. State and local governments and related authorities, school districts and 501(c)(3) organizations are the beneficiaries of her work along with taxpayers and donors. As a public finance attorney, she regularly serves as bond counsel, underwriter's counsel and borrower's counsel for a variety of tax-exempt and taxable public finance transactions. In these roles, she focuses primarily on advising issuers, underwriters, borrowers and purchasers on legal matters associated with structuring, issuing, offering, remarketing and restructuring municipal debt instruments.

Types of transactions she regularly handles involve the issuance of general obligation bonds, transportation revenue bonds, qualified 501(c)(3) bonds, higher education bonds, private placement bonds, state revolving loans, bridge financing, equipment lease financings, and bank-qualified financings. Some of her more recent and notable types of deals include advising on:

  • Financing for the construction of the U.S. 301 toll road, a new federal expressway to divert commercial traffic away from Middletown, Delaware. Silvia was the legal architect behind the creation of a multi-tiered security structure for the deal, which included (i) a Federal Highway Administration loan through the Transportation Infrastructure Finance and Innovation Act loan program and (ii) publicly-offered revenue bonds, together totaling more than $423.8 million.
  • Financings for multiple qualified 501(c)(3) charter schools in Delaware, including the first ever such financing in 2006. More recently, she served as bond and borrower’s counsel to a Delaware charter school that had never accessed the public bond market. With the help of  her assistance and counsel, the charter school successfully settled its public bond offering totaling more than $20.1 million in tax-exempt bonds and $900,000 in federally taxable bonds to pay for the conversion of space at the charter school into a cafeteria with a full kitchen, auditorium, gymnasium, classrooms, support areas and other instructional spaces as well as various renovations and improvements throughout the facility.
  • Refunding of outstanding long-term debts of multiple municipalities, including a transaction for one municipality involving the issuance of more than $40.7 million of new tax-exempt bonds. The refunding of this particular prior debt resulted in an overall net present value debt service savings of $4.3 million, or nearly 10 percent of the prior debt that was refunded.

Silvia is a member of the National Association of Bond Lawyers and is a founding board member, past president and current board member of Ladies First, a non-profit organization dedicated to providing educational and networking opportunities for female public finance professionals in the Mid-Atlantic region. Her interest in advancing opportunities in the legal profession for women and attorneys from diverse backgrounds is also reflected in her current work on Saul Ewing’s Diversity & Inclusion Committee and her decade of past service on the firm’s Hiring Committee, a role that included helping to recruit diverse attorneys.

Outside of her legal career, she demonstrates her  passion for public policy through her work as a member of the Planning Commission for East Goshen Township, Pennsylvania. Between managing family logistics, she dabbles in photography, runs and hikes. She also enjoys testing  her tolerance for spicy food and relishes the rare opportunity to enjoy her morning coffee in peace and quiet.

Saul Ewing LLP
1201 North Market Street
Suite 2300
Wilmington, DE 19801

Fellow Year


Areas of Practice

Public Finance


Full Service Law Firm

Law School

School – Boston College Law School

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