Vast Bank Headquarters TIF Project
Overview
| Deal Type | Debt Capital Markets |
|---|---|
| Size |
$7.7 Million Tax Increment Revenue Bonds |
| Client & Transactional Partners |
Tulsa Authority for Economic Opportunity Vast Bank N.A. |
Our Role | Sole Manager |
Summary
On August 31, 2021, KeyBanc Capital Markets ("KBCM") closed $7,7 Million of tax apportionment revenue bonds (the "Bonds") to reimburse Vast Bank for a portion of the costs of constructing its new headquarters in Tulsa, Oklahoma. KBCM acted as Sole Manager on the transaction.
The Bonds are secured by a combination of property and sales tax TIF revenues generated at the project. The project was fully constructed at the time of the bond sale.
