Assisted Maryland in Keeping Preakness in State
Represented Mesirow Financial as the underwriter for notes issued by the Maryland Economic Development Corporation to purchase the intellectual property rights of the Preakness States and Black-Eyed Susan Stakes, keeping both legendary horse races in Baltimore for years to come. The firm also represents The Maryland Jockey Club, which operates thoroughbred racing in the state and announced a new broadcast deal with NBC and Peacock.
Assisted Bank in Financing Company Acquisition
Miles & Stockbridge assisted a regional bank in financing a company's acquisition of a fire-rated duct product line from a Canadian manufacturer. The acquisition expanded the buyer's business in Canada and led to the opening of a new manufacturing facility.
Provided Guidance on Bond Issuance for P3 Light Rail Project
Served as counsel to MEDCO in connection with issuance of $300 million-plus Private Activity Bonds Series 2016 for a light rail P3 project in Montgomery and Prince George’s Counties in Maryland. This was the first major P3 project under Maryland’s P3 legislation and was structured around availability payments from the Maryland Department of Transportation.
