Dickinson Wright Attorneys Work Recognized as Midwest Region Deal of the Year by The Bond Buyer
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Dickinson Wright PLLC is pleased to announce that The Bond Buyer, a national publication covering municipal finance, selected the Michigan Finance Authority’s issuance of bonds ($288.6 Million) to finance the acquisition, construction and equipping of the Wayne County Jail and Justice Center Complex as the “Midwest Region Deal of the Year" for 2018. Dickinson Wright Attorneys Kester K. So and Peter Kulick and legal assistant Andrea Golladay served as bond counsel to the Michigan Finance Authority on the bond issue.
The 2018 Awards Ceremony was held on December 6, 2018 in New York and considered deals that closed between October 2, 2017 and September 28, 2018. It drew nominations throughout the nation for transactions ranging in size from a few million to billions of dollars. One finalist was selected from each of the five regions covered by The Bond Buyer. The entries were evaluated by The Bond Buyer’s editors and bureau chiefs. They looked for deals that involved innovation, the ability to pull complex transactions together under challenging conditions, deals that could or did serve as a model for other financings, and the public purpose for which a transaction’s proceeds were used.
The proceeds of the bonds funded a portion of Wayne County’s contribution to the new criminal justice center. The security for the bonds utilized a new and innovative financing structure including a limited tax general obligation pledge of the County and an intercept of state aid payments to the County—one of the first county intercepts used in Michigan. The structure enabled Wayne County to access the public markets successfully for the first time since 2010.
Dickinson Wright’s municipal law and finance practice consists of a team of lawyers with a national reputation as one of Michigan’s top bond counsels. Our lawyers have served as bond counsel in virtually every type of public financing transaction. Additionally, the team acts as underwriter’s counsel, trustee’s counsel, counsel to credit enhancement providers, counsel to purchasers of municipal bonds and borrower’s counsel in connection with all types of tax exempt and tax credit bond financings. Our lawyers have been recognized by both Best Lawyers in America and Super Lawyers in the areas of municipal law and finance.
The 2018 Awards Ceremony was held on December 6, 2018 in New York and considered deals that closed between October 2, 2017 and September 28, 2018. It drew nominations throughout the nation for transactions ranging in size from a few million to billions of dollars. One finalist was selected from each of the five regions covered by The Bond Buyer. The entries were evaluated by The Bond Buyer’s editors and bureau chiefs. They looked for deals that involved innovation, the ability to pull complex transactions together under challenging conditions, deals that could or did serve as a model for other financings, and the public purpose for which a transaction’s proceeds were used.
The proceeds of the bonds funded a portion of Wayne County’s contribution to the new criminal justice center. The security for the bonds utilized a new and innovative financing structure including a limited tax general obligation pledge of the County and an intercept of state aid payments to the County—one of the first county intercepts used in Michigan. The structure enabled Wayne County to access the public markets successfully for the first time since 2010.
Dickinson Wright’s municipal law and finance practice consists of a team of lawyers with a national reputation as one of Michigan’s top bond counsels. Our lawyers have served as bond counsel in virtually every type of public financing transaction. Additionally, the team acts as underwriter’s counsel, trustee’s counsel, counsel to credit enhancement providers, counsel to purchasers of municipal bonds and borrower’s counsel in connection with all types of tax exempt and tax credit bond financings. Our lawyers have been recognized by both Best Lawyers in America and Super Lawyers in the areas of municipal law and finance.
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