Featured Client Spotlights

CLIENT SPOTLIGHT: Factory Five Racing

Factory Five Racing was founded in 1995. Over the years they have grown from a start-up business in a small garage to become the world's largest manufacturer of "build-it-yourself" component car kits. They employ a full-time crew of about 40 people, and are located in Wareham, Massachusetts (about an hour south of Boston). They make their products right here in the USA, in the heart of New England where American manufacturing was born.
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        David M. DiSegna

        David focuses his practice in the area of public finance. He serves as bond counsel to numerous governmental entities, underwriter’s counsel, purchaser’s counsel, and borrower’s counsel. He has been involved in the issuance of over $3 billion in tax-exempt securities in various types of transactions, including public offerings, direct bank purchases, and conduit issuances for both new money and refinancing of existing debt, as well as tax-exempt lease financing transactions. 

        David has also provided legal advice to public entities with respect to the financing, construction, and operation of various types of public projects, including water and sewer facilities, solid waste facilities, and municipal buildings, pursuant to design-build, design-build-operate, and operation/maintenance contracts.

        David’s practice also includes representing businesses and non-profit entities in financings, asset purchases, as well as general corporate governance and compliance matters. Prior to beginning his practice, David served as a law clerk to The Honorable Francis X. Flaherty of the Rhode Island Supreme Court.


        • Roger Williams University School of Law, J.D., magna cum laude

            Articles Editor, Law Review

        • Boston University, B.A., magna cum laude

        Bar Memberships & Admissions

        • Rhode Island
        • Massachusetts
        • New York

        Practice Areas

        Professional Affiliations

        • National Association of Bond Lawyers
        • Rhode Island Bar Association


        • Rhode Island Catholic Cemeteries Advisory Board
        • St. Mary’s Feast Society

        Representative Transactions

        • David served as bond counsel to the State of Rhode Island for its 2019 issuance of $221,150,000 of General Obligation Bonds. The issuance included three series of bonds, two of which were tax-exempt and the third federally taxable. The taxable series was competitively sold, and the tax-exempt bonds were sold through a negotiated sale and issued in minimum denominations of $1,000 to allow for greater retail investment. The bonds provided financing for numerous projects within the State, including $70,000,000 for school construction. The issuance also included a tax-exempt advance refunding of $80,000,000 in outstanding taxable, direct payment tax credit Recovery Zone Economic Development Bonds issued in 2010, which resulted in over $6.7 million in debt service savings for the State.
        • David served as bond counsel for the Rhode Island Convention Center Authority’s $45 million, 2018 Series A Bonds, which were issued to finance the parking garage and related commercial and retail space adjacent to the Garrahy Courthouse in Providence. David was also bond counsel to the Convention Center Authority for the issuance of its $68,720,000, 2017 Series A Refunding Revenue Bonds, which will provide over $5.7 million in net present value savings for the Authority.
        • David acted as co-bond counsel for the Rhode Island Commerce Corporation’s issuance of its Series 2016A Grant Anticipation (GARVEE) Refunding Bonds and Series 2016B GARVEE Bonds, which were issued under the State’s RhodeWorks program and provided almost half a billion dollars of financing to fund road, bridge and other transportation projects within the State.

        Representative Publications