PHILADELPHIA – Nov. 21, 2023 – Attorneys from global law firm Greenberg Traurig, LLP’s Public Finance & Infrastructure Practice in Philadelphia were recognized for the Bond Buyer’s 2023 Deal of the Year, Northeast Region, qualifying the firm as a finalist for Bond Buyer’s national 2023 Deal of the Year Award.
Now in its 22nd year, the Bond Buyer Deal of the Year award recognizes “outstanding achievement in municipal finance,” according to its website. The awards are broken into 10 categories – five regional recognitions and five finance-specific recognitions. Each awardee earns nomination for the top prize.
The Bond Buyer editorial board determines recipients based the deal’s creativity, public purpose, and ability to serve as a model for other financings. The publication serves municipal finance professionals, including investors and government officials, and provides educational resources through newsletters, daily print news, and its website.
This is the second time in eight years Greenberg Traurig has earned a nomination for “Deal of the Year.”
The transaction for which Greenberg Traurig was recognized is the $1,759,135,000 Pennsylvania Economic Development Financing Authority Tax-Exempt Private Activity Revenue Bonds (The Pennsylvania Department of Transportation [PennDOT] Major Bridges Package One Project), series 2022 (AMT). The bonds were issued to finance the design and construction of the replacement of six bridges in Pennsylvania via a Public Private Partnership model between Bridging Pennsylvania Developer I, LLC and PennDOT. According to Bond Buyer, this transaction was the largest offering of tax-exempt, private-activity bonds for a transportation project of this scale.
Together, Public Finance & Infrastructure Shareholders Vanessa Albert Lowry, Ana C. Montalbán, Alexander L. Scarola, and Associate Maura G. Solometo.
“This group’s wealth of experience, keen insights, and dedication helped steer this project forward, and we proudly congratulate their efforts and well-deserved recognition,” Greenberg Traurig Public Finance & Infrastructure global Co-Chairs Warren S. Bloom and Franklin D.R. Jones, Jr. said. “Their hard work will further support PennDOT’s commitment to safety through transportation and help advance the economic engine these roadways represent for taxpayers across the commonwealth.”
The awards ceremony takes place Dec. 5 at Guastavino’s in New York City.
About Greenberg Traurig’s Public Finance & Infrastructure Practice: Greenberg Traurig, LLP has a national public finance practice that consistently ranks among the top bond, disclosure, and underwriter’s counsel firms according to The Bond Buyer’s nationwide and statewide rankings. Greenberg Traurig LLP’s Public Finance & Infrastructure Practice has been serving the needs of state and local issuers, underwriters, credit providers, bondholders, and conduit borrowers throughout the United States for more than forty years in virtually every area of public finance. The firm currently has 40 attorneys in the Public Finance & Infrastructure Practice in its Arizona, Colorado, Florida, Georgia, Illinois, Massachusetts, Minneapolis, New York, Pennsylvania, Texas, and Washington, D.C. offices.
About Greenberg Traurig’s Philadelphia Office: Founded in 1997, the Philadelphia office provides multidisciplinary legal services with a team of more than 60 attorneys in Real Estate; Litigation; Public Finance & Infrastructure; Labor & Employment; Environmental; Government Law & Policy; Restructuring & Bankruptcy; White Collar Defense & Investigations; Corporate; Institutional Banking & Investment Services; Investment Management & Regulation; Immigration & Compliance; Health Care & FDA; and Tax practices. The Philadelphia office represents a broad range of clients in real estate, manufacturing, health care, higher education, financial, and insurance industries, as well as state and local governments, professional services, and energy firms. The office also is known for its pro bono work and community service/social action initiatives in the Philadelphia region.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.