Kutak Rock Serves as Disclosure Counsel in $1.23 Billion General Obligation Bond DealNews - Press Release | June 25, 2018
Kutak Rock is serving as disclosure counsel to the State of Georgia in a $1.23 billion general obligation bond offering. On June 26 the State priced approximately $840 million of tax-exempt fixed-rate bonds and approximately $389 million of taxable bonds. The proceeds from the sale will be used to fund a variety of capital projects for the State.
For 21 consecutive years, Georgia has been given a “AAA” bond rating with a stable outlook by Moody’s Investors Service, Fitch Ratings and S&P Global Ratings. Kutak Rock has assisted the State as disclosure counsel on approximately $12.5 billion of GO bonds over the years and is proud to be a part of the 2018 transaction. The 2018 bonds are scheduled to close in mid-July.
Kutak Rock claimed the top spot among bond counsel firms in the Southeast based on the par value of financings completed in 2017. According to the Thomson Reuters 2017 Year-End Municipal Market Analysis, the firm completed approximately $760 million more in bond transactions than any other firm in the Southeast. Nationally, Kutak Rock is one of the most active firms in the roles of both bond counsel and disclosure counsel. For 2017, Thomson Reuters ranked Kutak Rock as the number four bond counsel and the number five disclosure counsel in the nation.