John Coan

Managing Director
Public Finance Investment Banking

Email  |  Tel: +1 212 284-9528

John Coan

John Coan (formerly of Banc of America Securities) joined Piper Sandler in 2009 to head the firm’s national transportation group. Coan offers experience in public finance dating back to 1984, with an expertise in the transportation sector, including airports, state departments of transportation (GARVEEs, toll roads, gas tax) and ports and harbors financings.

Coan’s past airport experience includes financings for the State of Hawaii DOT Airports Division, Metropolitan Washington Airports Authority, Louisville Regional Airport Authority, San Francisco International Airport, Baltimore-Washington Airport, Charlotte Douglas International Airport, Raleigh-Durham Airport Authority, the New Orleans Aviation Board, Allegheny County Airport Authority, City of Chicago O’Hare Airport and the Gulfport-Biloxi Regional Airport, among others.

Coan’s senior and co-managed surface transportation experience includes several financings for various State Departments of Transportation. This work includes leveraging federal grants in the form of GARVEE Bonds as well as leveraging the highway trust fund, comprised mainly of gas taxes and vehicle license fees. Coan has completed financings for the Texas Department of Transportation, the Arizona Department of Transportation (both HURF and RARF Program), the Missouri Highways and Transportation Commission, the Mississippi Department of Transportation (GARVEE), the North Carolina Department of Transportation (GARVEE and Appropriation credit), the Maryland Department of Transportation (GARVEE), the Oregon Department of Transportation, the Georgia State Road and Tollway Authority (GARVEE) and the State of Rhode Island Economic Development Corporation (GARVEE). Other surface transportation experience includes a remarketing for the Illinois State Toll Highway Authority. His work for these clients includes fixed rate financings, variable rate financings, interest rate swaps, restructurings, stand-alone PFC financings and the development of new Master Trust Indentures.

In addition to his expertise with airport and surface transportation issuers, Coan also has extensive experience working with both public port authorities and private companies financing port-related facilities. Most recently, he has participated in financings for the Virginia Port Authority, the State of Hawaii Department of Transportation, Harbors Division and the Port of New Orleans.

Of note, Coan served as one of the co-lead bankers for the State of Texas DOT’s (“TxDOT) $1.45 billion 2014 State Highway Fund revenue bond financing – the largest highway financing sold that year in the United States and is co-senior on a $991 million Mobility Fund refunding which closed in September 2015.