Acted as Co-Bond Counsel to the Delaware River Port Authority

Our Public Finance attorneys acted as Co-Bond Counsel to the Delaware River Port Authority in connection with the issuance of $700,505,000 aggregate principal amount of Revenue Bonds, consisting of three separate series of bonds to fund capital projects, refinance existing bonds and to cash settle and terminate all outstanding interest rate derivatives of the Authority.  The issuance constituted the single largest financing ever undertaken by the Authority and, in addition to generating over $60 million in savings, eliminated all variable rate interest risk of the Authority.