Hawkins, serving as long-time bond counsel in connection with tax-exempt financings for the Los Angeles County Museum of Art, has assisted LACMA in a wide range of transactions in support of its capital program. These have included a $200 million bond issue that funded a new exhibition building, a renovation of the LACMA West building and park improvements, as well as a $343 million refunding issue that included a direct purchase of three series of bonds. Other transactions on which the firm served as bond counsel for LACMA include a $118 million issue of variable rate securities and a $57 million issue of variable rate demand obligations issued to finance the Broad Contemporary Art Museum, a grand entranceway to the LACMA complex and a parking garage, and the establishment of a new interest rate and interest period for three series of $265 million direct placement bonds.
|Client||California Infrastructure and Economic Development Bank|
|Distinction||Major Southern California Cultural Institution Capital Program|
|Issuer||California Infrastructure And Economic Development Bank|
|Issue Size||$1.1 Billion|