Port of Everett, Washington
|Deal Type||Debt Capital Markets|
|Client & Transactional Partners||Port of Everett, Washington||Our Role||Sole Manager|
On January 29, 2020, KeyBanc Capital Markets (“KBCM”) closed on the Limited Tax General Obligation Refunding Bonds, 2020A (Non-AMT), 2020B (AMT), and 2020C (Taxable) (collectively, the “2020 Bonds”), for the Port of Everett, Washington (the “Port”). KBCM served as sole manager for all three series of bonds, which totaled $26,325,000 in par. The proceeds of the 2020 Bonds will be used to refinance certain outstanding obligations of the Port, to reimburse project costs, and to pay costs of issuance. The 2020 Bonds carried a rating of Aa2 (stable) from Moody’s.