Zarwin Attorneys Close $389 Million Bond Deal for the PA. Turnpike Commission

April 19, 2016

As co-Bond Counsel,  Zarwin attorneys Alan F. Wohlstetter, Scott E. Goldstein and Anya Morrison closed a $203 million Bond financing for the PA Turnpike Commission to fund roads, bridges and mass transit throughout the Commonwealth.  As the result of a time sensitive analysis of market conditions, Zarwin attorneys assisted the Commission, the Underwriting syndicate and co-Bond Counsel in a last minute adjustment to add $185 million of refunding bonds to the financing immediately prior to the sale of the bonds, which resulted in allowing the PA. Turnpike Commission to achieve over $20 million in present value savings from the refinancing.