News & Events

Butler Snow Served as Underwriter’s Counsel in Connection with The Bond Buyer’s 2018 Deal of the Year for Denver International Airport Financing

On Dec. 6, 2018, the City and County of Denver won The Bond Buyer’s 2018 Deal of the Year for its $2.5 billion financing on behalf of the Denver International Airport – and Butler Snow is proud to have served as underwriter’s counsel for the deal.

The deal was issued to finance the bulk of a $3.5 billion airport expansion and improvement project which will include 39 new airline gates and the Great Hall project, a major public-private partnership to upgrade the airport’s main terminal. It marked the largest AMT bond transaction and the largest airport revenue bond ever issued.

Butler Snow served as counsel to a syndicate of underwriters on this transaction, led by Bank of America Merrill Lynch as senior manager and Citigroup Global Markets Inc., which served as co-senior manager.

“We are thrilled this enterprising and visionary Denver airport project won the ‘Deal of the Year’ award, and are proud of our talented Denver attorneys who helped orchestrate this major project,” said Donald Clark, Jr., chairman of Butler Snow. “We have an experienced and growing public finance team that continues to garner great success for our clients in major deals like this.”

Butler Snow offers a comprehensive and diverse public finance practice ranging from all forms of state and municipal bonds and obligations to the full complement of techniques available to finance or refinance a wide array of projects. The group, which is comprised of nearly 50 attorneys, works collaboratively to find innovative financing solutions to support governmental, health care, housing, non-profit, industrial/economic development, public-private partnerships, exempt facilities, utilities, public and private educational institutions, and other developments.

For 17 years, the editors of The Bond Buyer have selected outstanding municipal bond transactions for recognition. The 2018 awards – which considered deals that closed between Oct. 1, 2017, and Sept. 30, 2018 – drew nominations that represent the diverse range of communities and public purposes served by the municipal finance market.