News > Transactions > Kaufman & Canoles Represents Underwriters in Issuance of Virginia Port Authority Bonds
News
Transactions
Kaufman & Canoles Represents Underwriters in Issuance of Virginia Port Authority Bonds
About Corporate & Public Finance
Kaufman & Canoles, P.C. recently assisted in the issuance of $68,630,000 of tax-exempt Port Facilities Revenue Refunding Bonds by the Virginia Port Authority, the proceeds of which will finance or refinance various capital projects at the Port of Virginia. The Corporate & Public Finance practice group of Kaufman & Canoles served as counsel to the underwriters (Morgan & Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith, Inc., Morgan Keegan & Company, Inc. and Siebert, Brandford Shank & Co., LLC) in connection with the issuance of these bonds. The transaction closed on May 6, 2010.
“The Port of Virginia has assembled a tremendous group of professionals to assist in its financings, which makes for terrific efficiency in its debt issuances,” said Kaufman & Canoles partner, Richard Hurlbert.
Kaufman & Canoles is a Virginia based law firm with offices in 7 Virginia cities. The firm’s team of experienced public finance and securities attorneys is expert in the federal and state securities laws applicable to municipal bonds, including federal anti-fraud provisions, the continuing disclosure requirements of SEC Rule 15c2-12 and state Blue Sky laws. The Corporate & Public Finance practice group of Kaufman & Canoles has prepared or reviewed, on behalf of its underwriter clients, hundreds of official statements, bond purchase agreements and continuing disclosure agreements relating to a wide variety of tax-exempt and taxable municipal and private activity bonds. Inquiries regarding the transaction described herein should be directed to Richard L. Hurlbert, Jr., Esq. at (804) 771.5795 or rlhurbert@kaufcan.com.
-end-