Bryant Rabbino served as Co-Bond Counsel to the New York City Transitional Finance Authority (“NYC TFA”), the public benefit corporation whose primary purpose is to finance a portion of New York City’s multi-billion dollar capital improvement plan, Bryant Rabbino played a primary role acting as Co-Bond Counsel in connection with the issuance by NYC TFA of its Future Tax Secured Subordinate Bonds, $1,077,595,000 Fiscal 2023 Subseries E-1 and $118,360,000 Fiscal 2023 Subseries E-2 (collectively, the “Refunding Bonds”). The Refunding Bonds were issued to redeem, at or prior to maturity, NYC TFA’s then-outstanding Future Tax Secured Bonds, which were originally issued to finance or refinance general City capital expenditures. The issuance of the Refunding Bonds provided the City with millions of dollars in debt service savings.
Bryant Rabbino attorneys B. Seth Bryant, Sani A. Williams, Aram Muradyan, Goldie Bryant and Adrian Armoo assisted on the transaction. The transaction closed on February 28, 2023.