Hawkins is Bond Counsel to NYS Metropolitan Transportation Authority $500 million Bond Anticipation Notes
Hawkins served as bond counsel for the NYS Metropolitan Transportation Authority (“MTA”) in connection with a competitively offered $500 million bond anticipation note transaction which closed on June 25, 2015. The transaction consists of four subseries of notes, each maturing and payable in early 2016. It is expected that the MTA will pay off the notes with proceeds of a series of long-term Transportation Revenue Bonds in early 2016. The note proceeds are being applied to new money capital construction costs for the MTA’s transit and commuter railroad programs, which systems constitute the largest network of public transit facilities in North America. The lead partner for the transaction is Stanley Kramer.