Notable Transactions

December 8, 2022

BRYANT RABBINO ASSISTS THE TBTA WITH THE REMARKETING OF $148.47 MILLION GENERAL REVENUE VARIABLE RATE REFUNDING BONDS

 

Bryant Rabbino served as Co-Bond Counsel to the Triborough Bridge and Tunnel Authority (“TBTA”), an affiliate agency of the Metropolitan Transportation Authority and the largest bridge and tunnel toll agency in the United States, Bryant Rabbino played a primary role in connection with the mandatory tender for purchase and remarketing of $148,470,000 of the by TBTA’s Triborough Bridge and Tunnel Authority General Revenue Variable Rate Refunding Bonds, Series 2018E (Federally Taxable) (the “Series 2018E Bonds”), and the substitution of an irrevocable direct-pay letter of credit, all of which will provide TBTA with debt service savings.

Bryant Rabbino attorneys Sani A. Williams, Bernard Armoo and Adrian Armoo assisted on the transaction. The transaction closed on December 8, 2022.

 

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