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United States: Dickinson Wright Attorneys Work Recognized As Midwest Region Deal Of The Year By The Bond Buyer
Dickinson Wright PLLC is pleased to announce that The Bond
Buyer, a national publication covering municipal finance,
selected the Michigan Finance Authority's issuance of bonds
($288.6 Million) to finance the acquisition, construction and
equipping of the Wayne County Jail and Justice Center Complex as
the "Midwest Region Deal of the Year" for 2018. Dickinson
Wright Attorneys Kester K. So and Peter Kulick and legal assistant
Andrea Golladay served as bond counsel to the Michigan Finance
Authority on the bond issue.
The 2018 Awards Ceremony was held on December 6, 2018 in New
York and considered deals that closed between October 2, 2017 and
September 28, 2018. It drew nominations throughout the nation for
transactions ranging in size from a few million to billions of
dollars. One finalist was selected from each of the five regions
covered by The Bond Buyer. The entries were evaluated by
The Bond Buyer's editors and bureau chiefs. They
looked for deals that involved innovation, the ability to pull
complex transactions together under challenging conditions, deals
that could or did serve as a model for other financings, and the
public purpose for which a transaction's proceeds were
used.
The proceeds of the bonds funded a portion of Wayne County's
contribution to the new criminal justice center. The security for
the bonds utilized a new and innovative financing structure
including a limited tax general obligation pledge of the County and
an intercept of state aid payments to the County—one of the
first county intercepts used in Michigan. The structure enabled
Wayne County to access the public markets successfully for the
first time since 2010.
Dickinson Wright's municipal law and finance practice
consists of a team of lawyers with a national reputation as one of
Michigan's top bond counsels. Our lawyers have served as bond
counsel in virtually every type of public financing transaction.
Additionally, the team acts as underwriter's counsel,
trustee's counsel, counsel to credit enhancement providers,
counsel to purchasers of municipal bonds and borrower's counsel
in connection with all types of tax exempt and tax credit bond
financings. Our lawyers have been recognized by both Best
Lawyers in America and Super Lawyers in the areas of
municipal law and finance.
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