top of page
iStock626462320-1-e1594312286797.jpg

RECENT TRANSACTIONS

2023 Bonds

      2023 BOND TRANSACTIONS     

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

$15,750,000

 

 

 

The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Collateralized Multifamily Housing Bonds (Greenbriar Apartments Project), Series 2023 (the “Bonds”). The proceeds of the Bonds will be used for financing a portion of the cost of acquiring, rehabilitating, and equipping a multifamily housing rental facility for families of low and moderate income in the City of Memphis, Tennessee consisting of approximately 240 apartment rental units known as Greenbriar Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 19, 2023.

Screen Shot 2018-05-19 at 8.28_edited.jpg

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

$12,800,000

 

 

 

The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Note (Edgeview at Legends Park), Series 2023 (the “Note”).  The proceeds of the Note will be used for financing a portion of the cost of acquiring, rehabilitating, and equipping a senior housing rental facility for persons aged sixty-two (62) and above of low income in the City of Memphis, Tennessee consisting of approximately 99 low-income housing tax credit apartment rental units known as the Edgeview at Legends Park Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on October 10, 2023.

Screen Shot 2018-05-19 at 8.28_edited.jpg

THE SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)

$220,605,000

 

 

 

The Sports Authority of The Metropolitan Government of Nashville and Davidson County, Stadium Project Revenue Bonds (Non-Tax Revenues Pledge), Series 2023D (Federally Taxable) (the “Bonds”).  The Bonds are being issued to (i) pay a portion of the costs of the Stadium Project; (ii) fund the Series C/D Non-Tax Revenue Additional Liquidity Account, and (iii) pay certain costs of issuing the Series 2023 C/D Bonds. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on August 31, 2023.

SA 2022 Sept Navy.PNG

THE SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)

$59,410,000

 

 

 

The Sports Authority of The Metropolitan Government of Nashville and Davidson County, Stadium Project Revenue Bonds (Non-Tax Revenues Pledge), Series 2023C (the “Bonds”).  The Bonds are being issued to (i) pay a portion of the costs of the Stadium Project; (ii) fund the Series C/D Non-Tax Revenue Additional Liquidity Account, and (iii) pay certain costs of issuing the Series 2023 C/D Bonds. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on August 31, 2023.

SA 2022 Sept Navy.PNG

THE SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)

$79,630,000

 

 

 

The Sports Authority of The Metropolitan Government of Nashville and Davidson County, Stadium Project Senior Revenue Bonds, Series 2023B (the “Bonds”). The Bonds are being issued to (i) pay a portion of the costs of the Stadium Project; and (ii) pay certain costs of issuing the Series 2023 A/B Bonds, including without limitation the payment of premiums for municipal bond insurance policies and debt service fund credit facilities for the benefit of the Series 2023 A/B Bonds. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the
transaction which closed on August 31, 2023.

SA 2022 Sept Navy.PNG

THE SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY (TENNESSEE)

$345,795,000

 

 

 

The Sports Authority of The Metropolitan Government of Nashville and Davidson County, Stadium Project Senior Revenue Bonds, Series 2023A (the “Bonds”). The Bonds are being issued to (i) pay a portion of the costs of the Stadium Project; and (ii) pay certain costs of issuing the Series 2023 A/B Bonds, including without limitation the payment of premiums for municipal bond insurance policies and debt service fund credit facilities for the benefit of the Series 2023 A/B Bonds. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the
transaction which closed on August 31, 2023.

SA 2022 Sept Navy.PNG

      2022 BOND TRANSACTIONS     

2022 Bonds

THE METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$200,000,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Water and Sewer Revenue Commercial Paper Notes, Series 2022A (the “Commercial Paper Notes”).  The Commercial Paper Notes are being issued to provide short-term financing of capital improvements to the Metropolitan Government’s water and sewer system in anticipation of the issuance of long-term water and sewer revenue bonds. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on December 15, 2022.

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

$3,000,000

 

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Collateralized Multifamily Housing Revenue Bonds, Series 2022 (Memphis Towers Apartments Project) (the “Bond”). The proceeds of the Bond will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 296-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Memphis Towers Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 15, 2022

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

$27,050,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Collateralized Multifamily Housing Revenue Bonds, (Borda Towers and Venson Center) Series 2022 (the “Bonds”). The proceeds of the Bonds will be used for financing: (i) the acquisition, construction, rehabilitation and equipping of a 220-unit multifamily housing residential rental facility located at 21 Neely Street, Memphis, Shelby County, Tennessee 38105, commonly known as Borda Towers and (ii) the acquisition, construction, rehabilitation and equipping of a 215-unit multifamily housing residential rental facility located at 439 Beale Street, Memphis, Shelby County, Tennessee 38103, commonly known as Venson Center (collectively, the “Project”); and (iii) to pay certain costs of issuance related to the Bond and the Project. The Firm served as Counsel to the Issuer on the transaction which closed on December 14, 2022. 

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

$21,171,000

 

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Collateralized Multifamily Housing Revenue Bonds, (Barry Towers and Jefferson Square) Series 2022 (the “Bonds”). The proceeds of the Bonds will be used for financing: (i) the acquisition, construction, rehabilitation and equipping of a 197-unit multifamily housing residential rental facility located at 255 North Lauderdale Street, Memphis, Shelby County, Tennessee 38105, commonly known as Barry Towers; and (ii) the acquisition, construction, rehabilitation and equipping of a 208-unit multifamily housing residential rental facility located at 741 Adams Avenue, Memphis, Shelby County, Tennessee 38105, commonly known as Jefferson Square (collectively, the “Project”); and (iii) to pay certain costs of issuance related to the Bond and the Project. The Firm served as Counsel to the Issuer on the transaction which closed on December 14, 2022.

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

$9,846,500

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bonds, Series 2022 (Hope Heights Tower Project) (the “Bond”). The proceeds of the Bond will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 147-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Hope Heights Towers. The Firm served as Counsel to the Issuer on the transaction which closed on December 13, 2022.

 SHELBY COUNTY, TENNESSEE

$152,975,000

 

 

 

Shelby County, Tennessee General Obligation Public Improvement and School Bonds, 2022 Series A (the “Bonds”).  The Bonds are being issued to: (i) finance various public works projects in Shelby County, including projects for schools operating in Shelby County’s public school district and for schools operating within the other municipal school districts located in Shelby County; and (ii) pay certain costs of issuance related to the Bonds. The Firm served as Disclosure Counsel to Shelby County on the transaction which closed on December 12, 2022.

Shelby County Logo.jpg

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

$3,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bonds, Series 2022 (Tillman Cove Apartments Project) (the “Bond”). The proceeds of the Bond will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 219-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Tillman Cove Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 7, 2022.

CITY OF MEMPHIS, TENNESSEE

$138,010,000  

The City of Memphis, Tennessee General Improvement Bonds, Series 2022A (the “Bonds”).  The Bonds are being issued to: (i) provide for the payment of $150,000,000 principal amount of outstanding General Obligation Commercial Paper at their respective maturities; and (ii) pay certain costs of issuance related to the Bonds.  The Firm served as Co- Bond Counsel to the City of Memphis on the transaction which closed on December 7, 2022.

THE INDUSTRIAL DEVELOPMENT BOARD OF THE METROPOLITAN GOVERNMENT OFNASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$16,000,000

 

 

 

The Industrial Development Board of the Metropolitan Government of Nashville and Davidson County Revenue Refunding and Improvement Bonds (YMCA of Middle Tennessee Project) Series 2012 (the “Bonds”).  The Bonds are being reissued and the proceeds will be loaned to Young Men’s Christian Association of Middle Tennessee (“YMCA”), a Tennessee nonprofit corporation and 501(c)(3) organization, for the purpose to finance the acquisition, construction and equipping of various YMCA facilities in Middle Tennessee, including the YMCA located at 1000 Church Street, Nashville, Tennessee, and to the extent permitted to pay certain costs of issuance.  The Firm served as Disclosure Counsel to The Industrial Development Board of The Metropolitan Government of Nashville and Davidson County on the transaction which closed on October 31, 2022.

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

$11,750,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bond, Series 2022 (Rolling Hills Apartments Project) (the “Bond”). The proceeds of the Bond will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 137-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Rolling Hills Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on September 23, 2022.

THE METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$315,000,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Water and Sewer Revenue Bond, Series 2022 (Process Advancements at Omohundro and K.R. Harrington Water Treatment Plants Project) (WIFIA Loan) (the “Series 2022 WIFIA Loan).  The Series 2022 WIFIA Loan is being issued to provide for the financing of certain water and sewer system projects of the Metropolitan Government, and to authorize the execution, terms, issuance, sale and payment of one or more water and sewer revenue bonds in connection with and as evidence of said WIFIA Loan Agreement by and between the Metropolitan Government and the United States Environmental Protection Agency, in a principal amount not to exceed $315,000,000. The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on September 14, 2022.

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

$14,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bond, Series 2022 (Breezy Point Apartments Project) (the “Bond”). The proceeds of the Bond will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 171-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Breezy Point Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on August 25, 2022.

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$282,565,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee General Obligation Improvement Bonds, Series 2022B (the “Series 2022B Bonds”).  The Series 2022B Bonds are being issued to: (i) finance the costs of a portion of certain public works projects authorized under resolutions approved by the Metropolitan County Council; and (ii) pay certain costs of issuance related to the Series 2022B Bonds.  The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on July 20, 2022. 

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$328,545,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee General Obligation Improvement Bonds, Series 2022A (the “Series 2022A Bonds”).  The Series 2022A Bonds are being issued to: (i) retire a portion of the Metropolitan Government’s outstanding Commercial Paper at maturity, which provided interim financing for various capital improvement projects for the Metropolitan Government; and (ii) pay certain costs of issuance related to the Series 2022A Bonds.  The Firm served as Disclosure Counsel to The Metropolitan Government of Nashville and Davidson County on the transaction which closed on July 20, 2022.

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

$28,935,000

 

The Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee its Revenue Refunding Bond, Series 2022 (the “Series 2022 Bond”).  The Series 2022 Bond is being issued for the purposes of (i) refunding the Memphis-Shelby County Port Commission Revenue Bonds, Series 2011, on a current basis, to achieve debt service savings and (ii) paying certain costs incurred in connection with the issuance of the Series 2022 Bond.  The Firm served as Bond Counsel on the transaction which closed on June 15, 2022.

 SHELBY COUNTY, TENNESSEE

$159,590,000

 

 

 

Shelby County, Tennessee General Obligation Variable Rate Demand Public Improvement and School Bonds, 2006 Series B (the “Bonds”). The Bonds are dated February 22, 2006, the date of their original issuance and delivery, and were issued in the outstanding principal amount of $159,590,000 at a price of 100% of their principal amount.  The Bonds are in a Weekly Rate Period and will be remarketed during the Weekly Rate Period and will continue to bear interest at the Weekly Rate. The Bonds were originally issued to provide monies to: (i) refinance the costs of public works projects, including schools, previously financed with a portion of Shelby County’s outstanding Capital Outlay Extendible Municipal Commercial Paper (EMCP) Notes of 2004 Series A (the “2004 Series A EMCP,” $115 million outstanding) and 2005 Series A (the “2005 Series A EMCP,” approximately $135 million outstanding prior to the closing of the Bonds), which were partially retired with the proceeds of the Bonds; (ii) pay interest and remarketing costs on such portion of the 2004 Series A EMCP and 2005 Series A EMCP until retired; and (iii) pay costs of issuance related to the Bonds.  The Firm served as Co-Bond Counsel to Shelby County on the transaction which closed on February 18, 2022.

Shelby County Logo.jpg
2021 Bond

      2021 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 (the “Issuer”) Multifamily Housing Governmental Note (MH Strategies Family RAD, LP – Uptown & Askew Projects) Series 2021 (the “Note”).  The proceeds of the Note will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 131-units of single-family residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as the Uptown & Askew Place. The Firm served as Counsel to the Issuer on the transaction which closed on December 14, 2021.

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

$23,000,000

 

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Governmental Note (MH Strategies Family RAD II, LP – College Park Projects) Series 2021 (the “Note”).  The proceeds of the Note will be used for financing the acquisition, design, construction, reconstruction, rehabilitation, installation, equipping and financing of approximately 341-units of multifamily residential rental housing for individuals and families of low and moderate incomes in Memphis, Shelby County, Tennessee, to be known as College Park. The Firm served as Counsel to the Issuer on the transaction which closed on December 14, 2021.

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

$25,000,000

 

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bonds (Oakshire Downs Apartments & Townhomes) Series 2021 (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 246-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Oakshire Downs Apartments & Townhomes. The Firm served as Counsel to the Issuer on the transaction which closed on December 10, 2021. 

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

$23,000,000

 

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the “Issuer”) Multifamily Housing Revenue Bonds (Kimball Cabana Apartments) Series 2021 (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 246-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Kimball Cabana Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 10, 2021. 

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

$5,115,000

 

 

 

The City of Memphis, Tennessee (the “City of Memphis”) proposes to finance the costs of various economic development projects of the City of Memphis involving an investment of public funds designed to invest in catalytic community projects intended to accelerate the economic development through revitalizing public infrastructure, public improvement, public facilities within the Central Business Improvement District and public tourism facilities within the City of Memphis (the "Accelerate Memphis Project"). On behalf of the City of Memphis, the Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee issued $5,115,000 aggregate principal amount of Economic Development Bonds (City of Memphis Project) Series 2021B (Federally Taxable) (the “Series 2021B Bonds”).  The Series 2021B Bonds are being issued to: (i) finance the costs of the Accelerate Memphis Project and for two years after the estimated date of completion of the Accelerate Memphis Project; (ii) fund any debt service reserve funds,  and (iii) pay certain expenses incurred in connection with the issuance of the Series 2021B Bonds. The Firm served as Co-Bond Counsel on the transaction which closed on July 14, 2021.

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

$19,140,000

 

 

 

The City of Memphis, Tennessee (the “City of Memphis”) proposes to finance the costs of various economic development projects of the City of Memphis involving an investment of public funds designed to invest in catalytic community projects intended to accelerate the economic development through revitalizing public infrastructure, public improvement, public facilities within the Central Business Improvement District and public tourism facilities within the City of Memphis (the "Accelerate Memphis Project"). On behalf of the City of Memphis, the Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee issued $19,140,000 aggregate principal amount of Economic Development Bonds (City of Memphis Project) Series 2021A (the “Series 2021A Bonds”).  The Series 2021A Bonds are being issued to: (i) finance the costs of the Accelerate Memphis Project and for two years after the estimated date of completion of the Accelerate Memphis Project; (ii) fund any debt service reserve funds,  and (iii) pay certain expenses incurred in connection with the issuance of the Series 2021A Bonds. The Firm served as Co-Bond Counsel on the transaction which closed on July 14, 2021.

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

$69,635,000

 

 

 

The City of Memphis, Tennessee (the “City of Memphis”) proposes to redevelop the public area Liberty Park, formerly known as the “Memphis Fairgrounds.”  The redevelopment of Liberty Park will include the construction of a 230,000 square-foot youth sports and events center, a hospitality and mixed-use private development, upgrades to Liberty Bowl Memorial Stadium and various public improvements for the benefit of the community (the “Liberty Park Project”).  On behalf of the City of Memphis, the Economic Development Growth Engine Industrial Development Board of the City of Memphis and County of Shelby, Tennessee issued $69,635,000 aggregate principal amount of Revenue Bonds (Tourism Development Zone) (Liberty Park Project) Series 2021 (Federally Taxable) (the “Series 2021 Bonds”).  The Series 2021 Bonds are being issued to: (i) pay the costs of the Liberty Park Project, including interest on the Series 2021 Bonds during construction of the Liberty Park Project and for two years after the estimated date of completion of the Liberty Park Project; (ii) pay certain expenses incurred in connection with the issuance of the Series 2021 Bonds; and (iii) fund the temporary Series 2021 Bonds Debt Service Reserve Account within the Debt Service Reserve Fund.  The Firm served as Co-Bond Counsel on the transaction which closed on July 1, 2021.

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$232,075,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee Federally Taxable Water and Sewer Revenue Refunding Bonds, Series 2021B (Green Bonds) (the “Series 2021B Bonds”).  The Series 2021B Bonds are being issued to (i) achieve debt service savings through advance refunding, on a federally taxable basis, that portion of the Metropolitan Government of Nashville and Davidson County's Water and Sewer Revenue Bonds, Series 2013; and to (ii) pay certain costs of issuance related to the Series 2021B Bonds.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on October 14, 2021.

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$377,520,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee Water and Sewer Revenue Bonds, Series 2021A (Green Bonds) (the “Series 2021A Bonds”).  The Series 2021A Bonds are being issued to (i) retire all or a portion of the Metropolitan Government of Nashville and Davidson County's outstanding Commercial Paper, which provided interim financing for various capital improvements to its Water and Sewer System; (ii) finance capital improvements to the Water and Sewer System; and (iii) pay certain costs of issuance related to the Series 2021A Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on October 14, 2021.

NEW MEMPHIS ARENA PUBLIC BUILDING AUTORITY OF MEMPHIS AND SHELBY COUNTY, TENNESSEE

$163,772,126.30  

The New Memphis Arena Public Building Authority of Memphis and Shelby County, Tennessee (the “Issuer”) on behalf of the City of Memphis, Tennessee (the “City of Memphis”) proposes to finance the costs of various public works projects, public building activities and public projects of the City of Memphis involving an investment of public funds in the estimated amount of two hundred million dollars ($200,000,000) designed to invest in catalytic community projects intended to accelerate growth through revitalizing citywide assets and improving parks, quality of life, housing and connectivity (the “Accelerate Memphis Project”).  On behalf of the City of Memphis, the Issuer issued $163,772,126.30 aggregate principal amount of Local Government Public Improvement Bonds (City of Memphis Project), Series 2021 (Social Bonds) (the “Series 2021 Bonds”) for the purpose of (i) financing the costs of the Accelerate Memphis Project, including interest on Series 2021 Bonds during construction of the Accelerate Memphis Project and for two years after the estimated date of completion of the Accelerate Memphis Project; and (ii) paying certain expenses incurred in connection with the issuance of the Series 2021 Bonds.  The Firm served as Co-Bond Counsel and Counsel to the Issuer on the transaction which closed on July 1, 2021.

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$33,455,000  

 

 

 

The Memphis-Shelby County Airport Authority Airport Revenue Refunding Bonds, Series 2021D (NON-AMT) (the “Series 2021D Bonds”).  The Series 2021D Bonds are being issued to (i) currently refund approximately $38.7 million of the Authority’s Series 2011D Bonds for debt service savings, (ii) fund a debt service reserve account for the Series 2021D Bonds and (iii) pay certain costs of issuance related to the Series 2021D Bonds.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on April 6, 2021.

mem_intl_airport_logo.jpg

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$16,275,000  

 

 

 

The Memphis-Shelby County Airport Authority Airport Revenue Refunding Bonds, Series 2021C (AMT) (the “Series 2021C Bonds”).  The Series 2021C Bonds are being issued to (i) currently refund approximately $17.6 million of the Authority’s Series 2011B Bonds for debt service savings and (ii) pay certain costs of issuance related to the Series 2021C Bonds.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on April 6, 2021.

mem_intl_airport_logo.jpg

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$2,605,000  

 

 

 

The Memphis-Shelby County Airport Authority Airport Revenue Refunding Bonds, Series 2021B (AMT) (the “Series 2021B Bonds”).  The Series 2021B Bonds are being issued to (i) currently refund approximately $2.7 million of the Authority’s Series 2011A-1 Bonds for debt service savings and (ii) pay certain costs of issuance related to the Series 2021B Bonds.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on April 6, 2021.

mem_intl_airport_logo.jpg

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$118,705,000  

 

 

 

The Memphis-Shelby County Airport Authority Airport Revenue Bonds, Series 2021A (AMT) (the “Series 2021A Bonds”).  The Series 2021A Bonds are being issued to (i) fund approximately $126.0 million of the project costs and contingencies for the 2021 Project, (ii) fund a capitalized interest account for the Series 2021A Bonds, (iii) fund a debt service reserve account for the Series 2021A Bonds and (iv) pay certain costs of issuance related to the Series 2021A Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on April 6, 2021.

mem_intl_airport_logo.jpg

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$497,030,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee General Obligation Refunding Bonds, Series 2021B (the “Series 2021B Bonds”).  The Series 2021B Bonds are being issued to achieve debt service savings to (i) refund all or a portion of the General Obligation Refunding Bonds, Series 2011, General Obligation Refunding Bonds, Series 2012, General Obligation Refunding Bonds, Series 2013, General Obligation Improvement Bonds, Series 2015C, and General Obligation Refunding Bonds, Series 2016; and to (ii) pay certain costs of issuance related to the Series 2021B Bonds.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on February 18, 2021.

METROPOLITAN GOVERNMENT OF

NASHVILLE & DAVIDSON COUNTY (TENNESSEE)

$131,295,000

 

 

 

The Metropolitan Government of Nashville and Davidson County, Tennessee General Obligation Refunding Bonds, Series 2021A (the “Series 2021A Bonds”).  The Series 2021A Bonds are being issued to achieve debt service savings to (i) refund all of the outstanding General Obligation Improvement and Refunding Bonds, Series 2010A, and General Obligation Refunding Bonds, Series 2010D; and to (ii) pay certain costs of issuance related to the Series 2021A Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on February 18, 2021.

      2020 BOND TRANSACTIONS     

2020

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

$25,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the "Issuer") Multifamily Housing Revenue Bonds (Memphis Towers Apartments) Series 2020 (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 296-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Memphis Towers Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 21, 2020.

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

$26,000,000

 

 

The Health Educational and Housing Facility Board of the City of Memphis, Tennessee (the "Issuer") Multifamily Housing Revenue Bonds (Tillman Cove Apartments) Series 2020 (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 219-unit multifamily rental housing project in Memphis, Shelby County, Tennessee, to be known as Tillman Cove Apartments. The Firm served as Counsel to the Issuer on the transaction which closed on December 11, 2020.

CITY OF MEMPHIS, TENNESSEE

$123,535,000  

The City of Memphis, Tennessee Sanitary Sewerage System Revenue and Revenue Refunding Bonds, Series 2020B (the “Bonds”).  The proceeds of the Bonds will be used for the purposes of: (i) financing various improvements, additions and extensions to the City's sanitary sewer system; (ii) refunding all of the City's outstanding Sanitary Sewerage System Revenue Refunding Bonds, Series 2010B (Recovery Zone Economic Development Bonds) and the City's outstanding Sanitary Sewerage System Revenue Refunding Bonds, 2013; and (iii) paying the costs of issuance of the Series 2020B Bonds. The Firm served as Co-Bond Counsel to the City of Memphis on the transaction which closed on October 15, 2020.

MEMPHIS LIGHT, GAS AND WATER DIVISION

$68,000,000

 

 

Memphis Light, Gas and Water Division of the City of Memphis, Tennessee Water System Revenue Bonds, Series 2020 (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 Water System, and to (ii) pay certain costs of issuance with respect to the Water System Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 22, 2020.

MEMPHIS LIGHT, GAS AND WATER DIVISION

$63,000,000

 

 

Memphis Light, Gas and Water Division of the City of Memphis, Tennessee Gas System Revenue Bonds, Series 2020 (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 to (ii) pay certain costs of issuance with respect to the Gas System Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 22, 2020.

Shelby County Logo.jpg

 SHELBY COUNTY, TENNESSEE

$202,665,000

 

 

 

Shelby County, Tennessee General Obligation Public Improvement and School Bonds, 2020 Series B (the "Bonds").  The proceeds of the Bonds will be used to (i) finance various public works projects in Shelby County, including schools within Shelby County's school system and schools within various municipal school districts in Shelby County; (ii) pay the principal due on Shelby County's outstanding General Obligation Bond Anticipation Note, Series 2019 and (iii) pay the costs of issuance with respect to the Bonds.  The Firm served as Disclosure Counsel to Shelby County on the transaction which closed on October 1, 2020.

MEMPHIS LIGHT, GAS AND WATER DIVISION

$29,000,000

 

 

Memphis Light, Gas and Water Division of the City of Memphis, Tennessee Electric System Revenue Refunding Bonds, Series 2020B (the “Electric System Refunding Bonds”).  The proceeds of the Electric System Refunding Bonds will be used to (i) advance refund, on a federally taxable basis, all or a portion of the Electric System Revenue Bonds, Series 2014, and to (ii) pay certain costs of issuance with respect to the Electric System Refunding Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 22, 2020.

MEMPHIS LIGHT, GAS AND WATER DIVISION

$148,000,000

 

 

Memphis Light, Gas and Water Division of the City of Memphis, Tennessee Electric System Revenue Bonds, Series 2020A (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 to (ii) pay certain costs of issuance with respect to the Electric System Bonds. The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 22, 2020.

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$72,250,000  

 

 

 

The Memphis-Shelby County Airport Authority (the "Authority") Airport Revenue Refunding Bonds, Series 2020B (AMT) (the "Bonds").  The proceeds of the Bonds will be used to (i) currently refund all of the Authority's Airport Revenue Refunding Bonds, Series 2010B (AMT), and (ii) pay related costs of issuance.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 17, 2020.

mem_intl_airport_logo.jpg

MEMPHIS-SHELBY COUNTY AIRPORT AUTHORITY

$24,230,000  

 

 

 

The Memphis-Shelby County Airport Authority (the "Authority") Airport Revenue Refunding Bonds, Series 2020A (PRIVATE ACTIVITY, NON-AMT) (the "Bonds").  The proceeds of the Bonds will be used to (i) currently refund all of the Authority's Airport Revenue Refunding Bonds, Series 2010A, (ii) fund a debt service reserve account for the Bonds and (iii) pay related costs of issuance.  The Firm served as sole Counsel to the Underwriters on the transaction which closed on September 17, 2020.

mem_intl_airport_logo.jpg

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

$5,800,000

 

 

The Health, Educational and Housing Facility Board of the City of Memphis, Tennessee (the "Issuer") Collateralized Multifamily Housing Bonds (Robinhood Apartments Project), Series 2020 (the “Bonds”).  The proceeds of the Bonds will be used to finance a loan to the Borrower, to enable the Borrower to pay a portion of the cost of acquiring, rehabilitating and equipping a 102-unit multifamily residential rental facility located in the City of Memphis, Tennessee.  The Firm served as Counsel to the Issuer of the Bonds on the transaction which closed on July 16, 2020.

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 (the "Issuer") Collateralized Multifamily Housing Bonds (Chickasaw Place Apartments Project), Series 2020 (the “Bonds”).  The proceeds of the Bonds will be used to finance a loan to the Borrower, to enable the Borrower to pay a portion of the cost of acquiring, rehabilitating and equipping a 270-unit multifamily residential rental facility located in the City of Memphis, Tennessee.  The Firm served as Counsel to the Issuer of the Bonds on the transaction which closed on May 29, 2020.

CITY OF MEMPHIS, TENNESSEE

$214,675,000  

The City of Memphis, Tennessee General Improvement Refunding Bonds, Series 2020 (the “Bonds”).  The proceeds of the Bonds will be used to: (a) provide for the payment of $150,000,000 principal amount of outstanding General Obligation Commercial Paper at their respective maturities; (b) provide for the current refunding of the City's outstanding:  (i) General Improvement Bonds, Series 2009, (ii) General Improvement Bonds, Series 2010A, and (iii) General Improvement Refunding Bonds, Series 2010D; and (c) provide for the payment of costs of issuance of the Bonds.  The Firm served as Co-Bond Counsel to the City of Memphis on the transaction which closed on April 29, 2020.

Shelby County Logo.jpg

 SHELBY COUNTY, TENNESSEE

$58,610,000

 

 

 

Shelby County Tennessee General Obligation Refunding Bond, Series 2020 (the "Bond"). The Bond is being issued for the purpose of (i) current refunding in advance of their respective maturities all or a portion of Shelby County's (a) General Obligation Refunding Bonds, 2009 Series A, and (b) General Obligation Refunding Bonds, 2011 Series A, and (ii) providing for the payments of the costs of issuance of the Series 2020 Bond.  The Firm served as Co-Bond Counsel to Shelby County on the transaction which closed on February 18, 2020.

      2019 BOND TRANSACTIONS     

2019

CITY OF MEMPHIS, TENNESSEE

$35,830,000  

The City of Memphis, Tennessee Storm Water System Revenue Bonds, Series 2019 (the “Bonds”).  The proceeds of the Bonds will be used for (i) financing improvements, additions and extensions to the Storm Water System of the City, consisting of Storm Water facilities, a Storm Water drainage system and a flood protection system, (ii) funding a reserve fund for the Bonds and (iii) paying the costs of issuance of the Bonds. The Firm served as Sole Counsel to the syndicate of Underwriters on the transaction which closed on November 13, 2019.

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

$15,450,000

 

 

The Heath, Educational and Housing Facility Board of the City of Memphis, Tennessee (the "Issuer") Collateralized Multifamily Housing Bonds, (Burkle & Main Apartments Project) Series 2019 (the “Bonds”).  The proceeds of the Bonds will be used to finance a loan to the Borrower, to enable the Borrower to pay a portion of the cost of acquiring, construction and equipping of a 126-unit multifamily residential rental facility located in Memphis, Shelby County, Tennessee. The Firm served as Counsel to the Issuer of the Bonds on the transaction which closed on November 7, 2019.

SHELBY COUNTY, TENNESSEE

$150,000,000

Shelby County Logo.jpg

Shelby County Tennessee General Obligation Bond Anticipation Note, Series 2019 (the "Note"). The Note is being issued (i) to provide moneys to finance certain capital projects of Shelby County, including schools, or for any other lawful purpose, and (ii) to pay the costs of issuance and sale of the Note. The Firm served as Co-Bond Counsel to Shelby County on the transaction which closed on October 3, 2019.

   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.

Sports Authority Logo.jpg
Sports Authority Logo.jpg

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 Logo.jpg
Shelby County Logo.jpg

 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

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 (the "Issuer") 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.

city of jackson.png

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 (the "Issuer") 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 (the "Issuer") 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.

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.

mem_intl_airport_logo.jpg

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.

city of jackson.png

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

     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.

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 AND 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.

MEMPHIS LIGHT GAS AND 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.

MEMPHIS LIGHT GAS AND 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.

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.

bottom of page