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 in connection with issuance by NYC TFA of its $829,230,000 Future Tax Secured Subordinate Bonds, Fiscal 2023 Subseries B-1 (Tax-Exempt), $29,255,000 Fiscal 2023 Subseries B-2 (Taxable), $38,240,000 Fiscal 2023 Subseries C-1 (Tax-Exempt) and $38,240,000 Fiscal 2023 Subseries C-2 (Taxable) (collectively, the “Refunding Bonds”). The Tax-Exempt Bonds were sold by negotiated sale and the Taxable Bonds were sold by competitive sale. The Refunding Bonds were issued, primarily, to refund over $900 million of NYC TFA bonds, which provided New York City with millions of dollars of valuable debt service savings.
Bryant Rabbino attorneys B. Seth Bryant, Sani A. Williams, Aram Muradyan, Bernard Armoo, Goldie Bryant and Adrian Armoo assisted on the transaction. The transaction closed on September 7, 2022.