Vast Bank Headquarters TIF Project
|Deal Type||Debt Capital Markets|
Tax Increment Revenue Bonds
|Client & Transactional Partners||
Tulsa Authority for Economic Opportunity
Vast Bank N.A.
|Our Role||Sole Manager|
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.