DETROIT (PRWEB) December 13, 2018
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.
About Dickinson Wright PLLC
Dickinson Wright PLLC is a general practice business law firm with more than 475 attorneys among more than 40 practice areas and 16 industry groups. Headquartered in Detroit and founded in 1878, the firm has 19 offices, including six in Michigan (Detroit, Troy, Ann Arbor, Lansing, Grand Rapids, and Saginaw) and 12 other domestic offices in Austin and El Paso, Texas; Columbus, Ohio; Ft. Lauderdale, Fla.; Lexington, Ky.; Nashville and Music Row, Tenn.; Las Vegas and Reno, Nev.; Phoenix, Ariz.; Silicon Valley, Calif.; and Washington, D.C. The firm’s Canadian office is located in Toronto.
Dickinson Wright offers our clients a distinctive combination of superb client service, exceptional quality, value for fees, industry expertise and business acumen. As one of the few law firms with ISO/IEC 27001:2013 certification, Dickinson Wright has built state-of-the-art, independently-verified risk management controls and security processes for our commercial transactions. Dickinson Wright lawyers are known for delivering commercially-oriented advice on sophisticated transactions and have a remarkable record of wins in high-stakes litigation. Dickinson Wright lawyers are regularly cited for their expertise and experience by Chambers, Best Lawyers, Super Lawyers, and other leading independent law firm evaluating organizations.