Battery Park City Authority Refunding

Hawkins served as bond counsel to the New York Hugh L. Carey Battery Park City Authority. This offering involved a refunding of more than $800 Million, using triple-A rated senior lien revenue bonds, and a swap of $400 million of auction-rate securities to a synthetic fixed rate. In addition, the financing provided $100 million for on-going projects such as a community center and new ballfields. This financing was particularly meaningful to the firm, as it contributed to revitalizing the New York City Downtown area after the September 11th attacks, a place where Hawkins has had its main office for over 150 years.

Client New York Hugh L. Carey Battery Park City Authority
Role Bond Counsel
Distinction Creating and Preserving Low and Moderate Income Housing
Issuer New York Hugh L. Carey Battery Park City Authority
Issue Size $500 Million