New York State Thruway Authority

As the New York State Thruway Authority’s (NYSTA) bond counsel, Hawkins worked closely with NYSTA in the issuance of its Series P General Revenue Bonds. Secured by NYSTA’s system-wide pledge of NYSTA revenues, the $1,024,320,000 issuance financed a portion of NYSTA’s multi-year capital development program, refunded outstanding tax-exempt NYSTA debt, and financed a tender for additional outstanding taxable NYSTA debt, among other purposes. NYSTA operates one of the largest tolled highway systems in the United States, including the Governor Mario M. Cuomo Bridge.

Additionally, this transaction was paired with a tender offer for certain outstanding NYSTA bonds- the first tender offer ever made by NYSTA.