Bond Transactions
Kean Miller provides innovative advice and counsel to clients in bond transactions, cooperative endeavour agreements, payments in lieu of taxes, and public-private partnerships. We issue opinions, negotiate agreements, and produce transaction documents for a wide variety of clients – including manufacturers, non-profit organizations, political subdivisions, and financial institutions.
Representative Experience - Representation of solar energy developer in payment in lieu of tax and lease transaction where an industrial development board agreed to issue not exceeding $245,000,000 in taxable revenue bonds.
- Representation of manufacturer in payment in lieu of tax and lease transaction where an industrial development board agreed to issue not exceeding $250,000,000 in taxable revenue bonds.
- Representation of retailer in payment in lieu of tax and lease transaction where an industrial development board agreed to issue not exceeding $7,876,000 in taxable revenue bonds.
- Representation of convention and visitors bureau in connection with the issuance of up to $2,000,000 Note to finance current operations.
- Representation of international chemical corporation in a Gulf Opportunity Zone refinancing where the Louisiana Local Governmental Environmental Facilities and Community Development Authority issued $250 million of revenue refunding bonds.
- Representation of international paper company in connection with a $190 million transaction with the Industrial Development Board of Ouachita Parish.
- Representation of a major petroleum refinery in a Gulf Opportunity Zone refinancing where the St. John the Baptist Parish, Louisiana issued $1 billion in revenue refunding bonds.
- Representation of local hospital in refinancing where the Louisiana Public Facilities Authority issued $13 million in revenue refunding bonds.
- Annual representation of a law enforcement district in connection with the issuance of revenue anticipation notes to finance current operations.
- Representation of a Louisiana limited liability company in a financing transaction where the Louisiana Public Facilities Authority issued $16.5 million in revenue bonds. The bond proceeds were used to finance the construction of an intrastate pipeline. The payment of the bonds was secured by a mortgage on the pipeline.
- Representation of a Louisiana limited liability company in a financing transaction where the local public trust authority issued $6.6 million in industrial revenue bonds. The bond proceeds were used to finance the construction and equipping of a treated wood utility pole manufacturing plant.
- Representation of a Louisiana non-profit corporation in a financing transaction where the local public trust authority issued $20.8 million in University Student Lease Revenue Bonds. The bond proceeds were loaned to the non-profit corporation to pay for the construction, improvement, and equipping of student housing facilities located on the main campus of a Louisiana university. The payment of the bonds was secured by a mortgage on the leasehold interest of the student housing facilities.
- Representation of a municipality in a financing transaction for the issuance of $13.6 million Certificates of Participation in a Lease Agreement (with Option to Purchase). The certificates were issued to finance the acquisition, renovation, construction, and equipping of a 592-bed detention facility located in Louisiana. The detention facility houses inmates of the Louisiana Department of Public Safety and Corrections pursuant to a Cooperative Endeavor Agreement between the municipality and the Department. The amounts paid by the Department pursuant to the Cooperative Endeavor Agreement are used to fund the payment obligations of the certificates.
- Representation of a Texas non-profit corporation in a financing transaction where the Louisiana Public Facilities Authority issued $3.5 million Revenue Bonds. The bonds were issued to finance the acquisition, renovation and equipping of a long-term drug and alcohol therapeutic treatment facility located in Baton Rouge, Louisiana. Payment of the bonds was secured by an irrevocable direct-pay letter of credit issued by a regional financial institution issued simultaneously with the issuance of the bonds. The letter of credit was secured by a mortgage on the treatment facility.
- Representation of a regional bank in a financing transaction where a senior living center issued $6.4 million of its Variable/Fixed Rate Secured Promissory Notes. The notes were secured by an irrevocable direct-pay letter of credit issued by the bank.