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Kutak Rock Serves as Disclosure Counsel in Billion-Dollar Georgia Bond Deal

News | August 20, 2020


In order to finance important capital projects and stimulate economic activity, the State of Georgia competitively sold $1.13 billion of triple-A rated general obligation (GO) bonds at record low all-in true interest cost results for the State. The deal is structured in two series as $802.57 million of tax-exempt GO bonds and $329.94 million of taxable debt.

Kutak Rock attorneys Andrew Egan and Reed Bennett served as disclosure counsel to the State. The firm is honored to have served in this capacity for the past decade.

Fitch Ratings, Moody's Investors Service, and S&P Global Ratings gave triple-A ratings to the deal. Analysts at all three agencies lauded Georgia's conservative fiscal management and strong governance. Gov. Brian Kemp recently praised the maintenance of the state's bond ratings, saying they demonstrate Georgia's commitment to fiscal balance and to ensuring the State can meet its present and future obligations.

Read more about the deal in The Bond Buyer.