NEW YORK – June 14, 2024 – Global law firm Greenberg Traurig, LLP represented the purchasers of a $97,385,000 tax-exempt bond offering by Plaquemines Port, Harbor and Terminal District that closed June 6. The proceeds were lent to NOLA Terminal LLC, a ship terminal at Mile 59 on the Mississippi River, south of New Orleans. Proceeds were used to finance or refinance costs of the acquisition, construction, and equipping of port facilities; to refinance certain outstanding indebtedness of NOLA Terminal; and to establish reserves, among other purposes.
The Greenberg Traurig team was led by Public Finance & Infrastructure Shareholder Carl McCarthy, with assistance from Real Estate Of Counsel Jason E. Merritt, Corporate Shareholder Jonathan Bell and Associate Kyle C. Ffrench regarding Ship Mortgage Act vessel security interests, and Government Contracts Shareholder Mike Gardner on marine industrial matters.