2019 BOND TRANSACTIONS     

 

   THE MEMPHIS AND SHELBY COUNTY SPORTS AUTHORITY INC.

$67,770,000

 

 

 

The Memphis and Shelby County Sports Authority Inc. Revenue Refunding Bonds (Memphis Arena Project), 2019 Series B (the “Bonds”).  The proceeds of the Bonds will be used to currently refund all or a portion of the Authority’s outstanding Revenue Refunding Bonds, 2009 Series B in order to achieve certain debt service savings for the Authority.  The Firm served as Disclosure Counsel to the Authority on the transaction which closed on August 5, 2019.

THE MEMPHIS AND SHELBY COUNTY SPORTS AUTHORITY INC.

$65,700,000

 

 

 

The Memphis and Shelby County Sports Authority Inc. Revenue Refunding Bonds (Memphis Arena Project), 2019 Series A (the “Bonds”).  The proceeds of the Bonds will be used to currently refund all or a portion of the Authority’s outstanding Revenue Refunding Bonds, 2009 Series A (Memphis Arena Project) in order to achieve certain debt service savings for the Authority.  The Firm served as Disclosure Counsel to the Authority on the transaction which closed on August 5, 2019.

SHELBY COUNTY, TENNESSEE

$74,555,000

 

 

 

Shelby County, Tennessee General Obligation Refunding Bonds, 2019 Series B (the "Bonds"). The proceeds of the Bonds will be used, together with other available funds of the County to (i) currently refund the County's General Obligation Public Improvement and School Bonds, 2009 Series B and General Obligation Public Improvement and School Bonds, 2009 Series C (Federally-Taxable Build America Bonds-Direct Payment) and (ii) pay certain costs of issuance for the Bonds. The Firm served as Disclosure Counsel to the County on the transaction which closed on February 14, 2019.

 SHELBY COUNTY, TENNESSEE

                                                       $181,130,000

 

 

 

Shelby County, Tennessee General Obligation Public Improvement and School Bonds, 2019 Series A (the "Bonds").  The proceeds of the Bonds will be used, together with other available funds of the County to (i) finance various public works projects in the County and for school purposes; (ii) pay the principal due on the County's outstanding General Obligation Bond Anticipation Note, Series 2017 and (iii) pay the costs of issuance of the Bonds.  The Firm served as Disclosure Counsel to the County on the transaction which closed on February 14, 2019.

 

      2018 BOND TRANSACTIONS     

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$10,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Hope Heights Tower Apartments) Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used for providing all or part of the funds with which to pay the cost of the acquisition, rehabilitation and equipping of an approximately 147-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Hope Heights Tower Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 19, 2018.

                                 CITY OF MEMPHIS, TENNESSEE                                  $69,480,000  

 

 

The City of Memphis, Tennessee Sanitary Sewerage System Revenue and Revenue Refunding Bonds, Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used for the purpose of (i) financing improvements, additions and extensions to the City's sanitary sewerage system; (ii) refunding all or a portion of the City's outstanding Sanitary Sewerage System Revenue Bonds, Series 2007 and Sanitary Sewerage System Revenue Bonds, 2009B (Direct Payment Build America Bonds); and (iii) paying the costs of issuance of the Bonds.  The Firm served as Co-Bond Counsel to the City of Memphis on the transaction which closed on November 1, 2018.

                                 CITY OF JACKSON, MISSISSIPPI                                  $1,750,000  

 

 

The City of Jackson, Mississippi Tax Increment Financing Revenue Bond, Series 2018 (Westin Hotel Project) (the “Bond”).  The proceeds of the Bond will be used to (i) finance and/or reimburse public infrastructure and site improvements to the Westin Hotel, which is located within the city limits of Jackson and encompassing an entire city block bound by streets Tombigbee, Court, Congress and West including the former Mississippi Valley Title Building, and (ii) pay the costs of issuing the Bond.  The Firm served as sole Bond Counsel to the City of Jackson on the transaction which closed on October 15, 2018.

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$16,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Gospel Gardens Apartments) Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used for providing all or part of the funds with which to pay the cost of the acquisition, rehabilitation and equipping of an approximately 200-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Gospel Gardens Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on September 14, 2018. 

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$15,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Cavelier Court Apartments) Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used for providing all or part of the funds with which to pay the cost of the acquisition, rehabilitation and equipping of an approximately 200-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Cavelier Court Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on September 13, 2018.

            THE MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY           $119,275,000  

 

 

 

The Memphis-Shelby County Airport Authority Airport Revenue Bonds, Series 2018 (AMT) (the "Bonds").  The proceeds of the Bonds will be used to (i) finance a portion of the costs of construction, equipping and modernization of a significant portion of Concourse B and related improvements, (ii) fund a capitalized interest account, (iii) fund a debt service reserve account and (iv) pay related costs of issuance.  The Firm served as sole Counsel to the Underwriters' on the transaction which closed on August 30, 2018.

                                 CITY OF JACKSON, MISSISSIPPI                                  $4,447,000  

 

 

 

The City of Jackson, Mississippi Tax Increment Financing Revenue Bonds, Series 2018 (The District At Eastover Project) (the “Bonds”).  The proceeds of the Bonds will be used to (i) finance and/or reimburse public infrastructure and site improvements to the District at Eastover located between the City of Jackson's Eastover and Fondren neighborhoods which is adjacent to the I-55 corridor and the University of Mississippi Medical Center, and (ii) pay the costs of issuing the Bonds.  The Firm served as sole Bond Counsel to the City of Jackson on the transaction which closed on August 24, 2018.

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$17,400,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Collateralized Multifamily Housing Bonds (Keystone Landing and Pendleton Place Apartments) Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used to finance a portion of the cost of acquiring, rehabilitating and equipping two multifamily residential rental facilities located in Memphis, Tennessee, known as Keystone Landing Apartments and Pendleton Place Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on July 19, 2018.

                                 CITY OF MEMPHIS, TENNESSEE                                  $309,255,000  

 

 

The City of Memphis, Tennessee General Improvement Bonds Series 2018 (the “Bonds”).  The proceeds of the Bonds will be used to (i) finance various public works projects of the City, (ii) provide for the payment of $150,00,000 principal amount outstanding General Obligation Commercial Paper at their respective maturities, and (iii) provide for the costs of issuance of the Bonds.  The Firm served as Co-Bond Counsel to the City of Memphis on the transaction which closed on May 1, 2018.

 

     2017 BOND TRANSACTIONS     

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$17,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Forum Flats) Series 2017 (the “Bonds”).  The proceeds of the Bonds will be used to finance a portion of the cost of acquiring, constructing and equipping a 205-unit multifamily residential rental facility located in downtown Memphis, Tennessee. The Firm served as Counsel to the Issuer on the transaction which closed on December 15, 2017.

MEMPHIS LIGHT GAS & WATER DIVISION

$40,000,000

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Gas System Revenue Bonds Series 2017 (the “Gas System Bonds”).  The proceeds of the Gas System Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the gas system and (ii) pay certain costs of issuance.  The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 28, 2017.

MEMPHIS LIGHT GAS & WATER DIVISION

$25,000,000

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Water System Revenue Bonds Series 2017 (the “Water System Bonds”).  The proceeds of the Water System Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the electric system and (ii) pay certain costs of issuance.  The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 28, 2017.

EDGE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF MEMPHIS AND COUNTY OF SHELBY, TENNESSEE

$2,142,000

 

Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (Southbrook Towne Centre) Qualified Energy Conservation Bond Series 2017 (Federally Taxable) (the “Bonds”).  The proceeds of the Bonds will be used to finance (i) energy conservation installations and (ii) other improvements to the multi-purpose mixed used facility formerly known as Southbrook Mall.  The Firm served as sole Bond Counsel on the transaction which closed on September 18, 2017.

THE HEALTH, EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMPHIS, TENNESSEE

$6,500,000

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee Multifamily Housing Revenue Bonds (Mason Village) Series 2017 (the “Bonds”).  The proceeds of the Bonds will be used to finance a portion of the cost of acquiring, constructing and equipping a 77-unit multifamily elderly housing development rental facility in Memphis, Tennessee.  The Firm served as both sole Bond Counsel and Counsel to the Issuer on the transaction which closed on August 11, 2017.

EDGE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF MEMPHIS AND COUNTY OF SHELBY, TENNESSEE

$158,240,000

 

Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee, Tourism Development Zone Financing Refunding Bonds Series 2017 (the “Bonds”).  The proceeds of the Bonds will be used to (i) refinance outstanding bonds and (ii) pay certain costs of issuance.  The Firm served as Co-Counsel to the Underwriter on the transaction which closed on June 1, 2017.

MISSISSIPPI BUSINESS FINANCE CORPORATION

$6,075,000

 

Mississippi Business Finance Corporation Taxable Revenue Refunding Bonds (Retro Metro, LLC Refunding Project), Series 2017 (the “Bonds”).  The proceeds of the Bonds will be used to (i) refinance outstanding bonds and (ii) pay certain costs of issuance.  The Firm served as sole Counsel to the Underwriter on the transaction which closed on March 30, 2017.

EDGE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF MEMPHIS AND COUNTY OF SHELBY, TENNESSEE

$106,795,000

 

 

Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee (Graceland Project) Series 2017A (Senior Tax Increment Revenue Bonds) (Tax-Exempt) Series 2017B (Senior Tax Increment Revenue Bonds) (Taxable) Series 2017C (Subordinate Tax Increment Revenue Bonds) (Taxable) (the “Bonds”).  The proceeds of the Bonds will be used to (i) finance a portion of outstanding debt, (ii) fund debt service funds, (iii) fund debt service reserve funds and (iv) pay certain costs of issuance. The Firm served as Counsel to the Underwriter on the transaction which closed on November 14, 2017.

MEMPHIS LIGHT GAS & WATER DIVISION

$90,000,000

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Electric System Revenue Bonds Series 2017 (the “Electric System Bonds”).  The proceeds of the Electric System Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the electric system and (ii) pay certain costs of issuance.  The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 28, 2017.

     2016 BOND TRANSACTIONS     

 

MEMPHIS LIGHT, GAS & WATER DIVISION

$40,000,000

 

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Electric System Revenue Bonds, Series 2016 (the “Bonds”). The proceeds of the Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the Electric System and (ii) pay the costs of issuance with respect to the Series 2016 Electric System Bonds. The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 1, 2016.

MEMPHIS LIGHT, GAS & WATER DIVISION

$40,000,000

 

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Gas System Revenue Bonds, Series 2016 (the “Bonds”). The proceeds of the Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the Gas System and (ii) pay the costs of issuance with respect to the Series 2016 Gas System Bonds. The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 1, 2016.

MEMPHIS LIGHT, GAS & WATER DIVISION

$30,000,000

 

 

 

Memphis Light Gas & Water Division of the City of Memphis, Tennessee Water System Revenue Bonds, Series 2016 (the “Bonds”). The proceeds of the Bonds will be used to (i) finance the costs of acquiring, expanding and/or improving the Water System and (ii) pay the costs of issuance with respect to the Series 2016 Water System Bonds. The Firm served as sole Counsel to the Underwriters' on the transaction which closed on September 1, 2016.

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY, TENNESSEE

$343,975,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee General Obligation Refunding Bonds, Series 2016 (the "Bonds"). The proceeds of the Bonds will be used to (i) refund certain maturities of the Metropolitan Government's currently outstanding bonds and (ii) pay certain costs of issuance. The Firm served as sole Counsel to the Underwriters' on the transaction which closed on June 1, 2016.

SHELBY COUNTY, TENNESSEE

$70,110,000

 

 

Shelby County, Tennessee General Obligation Refunding Bonds, 2016 Series A (the "Bonds"). The proceeds of the Bonds will be used, together with other available funds of the County to (i) refund a series of general obligation bonds previously issued by the County and (ii) pay certain costs of issuance. The Firm served as sole Counsel to the Underwriters' on the transaction which closed on February 26, 2016.

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