As part of our ongoing valued engagement as Co-Bond Counsel to the Triborough Bridge and Tunnel Authority (“TBTA”), an affiliate agency of the Metropolitan Transportation Authority (“MTA”) and the largest bridge and tunnel toll agency in the United States, Bryant Rabbino played a primary role in connection with the remarketing of TBTA’s outstanding $96,335,000 General Revenue Variable Rate Bonds, Subseries 2003B-1.
This remarketing involved the mandatory tender and conversion of outstanding Series 2003B-1 Bonds to a Daily Rate, and the amendment and restatement of various terms and provisions of the Remarketed Bonds.
This remarketing provided millions of dollars in vital savings for the TBTA.
Bryant Rabbino attorneys Sani Williams and Bernard Armoo led the firm’s legal team, which included B. Seth Bryant, Aram Muradyan, Goldie Bryant and Adrian Armoo. The transaction closed January 19, 2022.