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July 28, 2019

Alan Zuckerman and John Browning Represent California Regional Center in Bond Issuance

Alan Zuckerman of the firm’s San Diego office, with the assistance of John Browning in Los Angeles, represented a California Regional Center in connection with the issuance of $10,425,000 in Revenue Bonds. The bonds were issued by the California Municipal Finance Authority to, among other things, refund outstanding bonds at a reduced rate of interest and fund a maintenance, repair and replacement fund for the Regional Center’s benefit. 

As a result of the bond refinancing, the Regional Center was able to materially reduce its long-term rent payments at its headquarters. The bonds were underwritten by Westhoff, Cone & Holmstedt. The transaction closed on July 25, 2019.