Mayer Brown advises on The Bond Buyer’s “National Deal of the Year” winner
9 December 2013
Mayer Brown, a leading global law firm, announced that it provided counsel on The Bond Buyer’s 2013 “National Deal of the Year” winner. The awards recognize “outstanding municipal bond transactions” from the past year and honor the issuers “who overcame myriad challenges to bring these deals to fruition,” the publication said.
Mayer Brown represented WVB East End Partners as sponsors’ counsel on WVB’s public-private partnership with the Indiana Finance Authority to fund the Ohio River Bridges East End Crossing Project. The financing for the toll bridge and roadway was achieved through the sale of more than $675 million in tax-exempt private activity bonds (PABs), which the publication said was “the largest P3 PAB offering completed to date in the U.S. municipal market.”
According to the publication, this marked the first time the “National Deal of the Year” award was given to a P3 transaction. The Bond Buyer also selected this transaction as a 2013 “Midwest Region Deal of the Year” winner.
The Indiana Finance Authority deal was “innovative, replicable, and took an immense amount of cooperation across a number of sectors to come to fruition,” said Michael Scarchilli, editor in chief of The Bond Buyer.
The Mayer Brown team included partners David Narefsky, Joseph Seliga, Joanna Horsnail, George Miller and John Lawlor, counsels Richard Ziegler and Joe Organ, and associates Stephanie Wagner, Mitchell Holzrichter and Sandy Zhang.
The Bond Buyer is a daily newspaper committed to serving the municipal bond industry and provides readers with news, analysis, and data regarding municipal finance.