RECENT TRANSACTIONS

      2020 BOND TRANSACTIONS     

 

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 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 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 the 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.




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.





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 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 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 the 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.




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.





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 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 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 the 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.




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.





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.




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 • $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.




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.




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.




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.




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.​





      2019 BOND TRANSACTIONS     

      2018 BOND TRANSACTIONS     

      2017 BOND TRANSACTIONS     

 
 
 

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