Bond Counsel to Kentucky's Gateway
As gateway to the Horse Capital of the World, Lexington’s Blue Grass Airport is the primary air transportation provider for central Kentucky. The facility supports commercial flights, private aviation, cargo and, of course, horse transportation. Committed to a quality traveler experience, the airport continually updates amenities and facilities to provide passengers with the most modern and convenient services possible.
For nearly a decade, Dinsmore has served as the airport’s bond counsel, helping them secure low interest financing for growth and improvements such as runways, hangars, parking facilities, baggage belt system, car rental maintenance facility and more.
“Dinsmore works extremely well with our financial analyst and underwriter and is now helping us with compliance/reporting issues,” said Don Sever, Director of Finance and Administration for the airport. “I really have nothing but good things to say about Dinsmore.”
The airport, which is a catalyst for economic growth in the region, is owned and operated by the Lexington-Fayette Urban County Airport Board and celebrated its 70 year anniversary in 2016. Since 1946, the airport has grown to serving over 1.2 million passengers annually.
“I have full confidence in the firm,” Sever said. “They are technically sound and provide great customer service.”
United by a passion for customer service, Dinsmore looks forward to the opportunity for a continued relationship with Blue Grass Airport as they grow and service passengers from all over the world.
Understand Every Side of the Deal
For more than a decade, Dinsmore has counseled Colorado State Bank and Trust in public finance transactions. When the bank is considering a new deal, they rely on Dinsmore to help identify and minimize potential risks.
“They work to understand the transaction, including all the business points,” said Senior Vice President Kristen Sundin. “(Dinsmore) also works to understand their clients and our needs and viewpoints.”
Sundin said her company maintains their working relationship with Dinsmore because the firm’s attorneys examine business deals from multiple sides. Counsel never tells Sundin to do business a certain way without explanation. Instead, Dinsmore’s attorneys provide background and context on how similar deals have progressed and then discuss whether or not the bank wants to proceed a similar way.
“They’re down to earth, they are easy to communicate with and help facilitate the back-and-forth process of documentation in an efficient manner,” Sundin said.
Successfully Defended the Kentucky Local Government General Obligation Bond Laws Adopted After an Amendment of the Kentucky Constitution, Chandler v. City of Winchester
$47,610,000 Western Kentucky University General Receipts Bonds, 2009 Series A
$1,947,380,000 Chicago O’Hare International Airport Senior Lien Revenue Refunding Bonds, Series 2015A and Series 2015B, and Chicago O’Hare International Airport Senior Lien Revenue Bonds, Series 2015C and Series 2015D
$400,000,000 Illinois State Toll Highway Authority Toll Highway Senior revenue Bonds, 2015 Series A
$111,725,000 City of Chicago Sales Tax Revenue Bonds, Series 2002, Reoffering Conversion to Fixed Rate (2015)
IRS Letter Ruling gives school district extra time to spend bond proceeds
Our Smaller Municipal Clients Highly Valued – Bond Counsel and Construction Counsel
$8,815,000 Various Purpose Limited Tax General Obligation Refunding Bonds, dated 10/14/15
$40,284,966 School Improvement Bonds, dated 10/11/05
$8,580,000 School Improvement Refunding Bonds, dated 9/3/15
Issuer’s Counsel for $23 million bond used for continuing care retirement community
$64.4 million Kentucky Infrastructure Authority Wastewater and Drinking Water Revolving Fund Revenue Refunding Bonds
In 2010, the Kentucky Infrastructure Authority issued its first series of cross-collateralized wastewater and drinking water revenue bonds for its federally assisted wastewater and drinking water fund programs under a new program indenture we developed as bond counsel that secured AAA ratings from all three rating agencies. In 2015, the Authority, with our assistance as bond counsel, was able to take advantage of declining interest rates to refund certain maturities of the 2010 Bonds, thereby achieving substantial debt service savings.
$1,735,000 County of Bourbon, Kentucky General Obligation Bonds, Series 2017 (Bond Counsel)
$80,000,000 Louisville and Jefferson County Metropolitan Sewer District Sewer and Drainage System Revenue Bonds, Series 2015A (Bond Counsel)
$9,380,000 City of Owensboro, Kentucky General Obligation Bonds, Series 2016D and $6,565,000 General Obligation Bond Anticipation Notes, Series 2016 (Bond Counsel)
$30.4 million bond used to renovate building at state university
$91.4 million two series of bonds used to renovate public university’s football stadium
Borrower’s Counsel to private university for refunding issues
$324 million bond used to acquire and construct Orthopedic and Spine Center project
Falling interest rates lead to Arbitrage Rebate recovery overpayment for city
$69,130,000 School Facilities Construction & Impt.Refunding Bonds, Series 2015, dated 5/21/15
Structured public private partnership between Ohio City and charitable trust for park development and preservation
$40 million bond funds college’s new structures
Tax-Exempt Healthcare Financing for Community Hospital Accomplishes Saving and Plows More Money Back into Healthcare Mission
$21 million bond funds art museum
Joining Economic Development and Brownfield Development to Further Community Goals
$14.25 million bond benefits community college
Ohio’s First Large Scale P3 Project– the Portsmouth Bypass Project
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