Press Release

Denver Airport Transaction is The Bond Buyer's 2018 Deal of the Year

December 11, 2018

Ballard Spahr served as disclosure counsel to the City and County of Denver in a $2.5 billion transaction to fund improvements to the Denver International Airport—the largest single airport bond issuance in U.S. history. The project recently was named 2018 Deal of the Year by The Bond Buyer.

Denver-based Public Finance Partner Anastasia Khokhryakova assisted in the preparation of an offering document for the issuance. The transaction was the issuer's first new-money transaction in five years and the first deal in the American Southwest to receive the honor.

The funds are earmarked for capital improvement projects that include the addition of 39 new gates and redevelopment of the 1.2 million square-foot Jeppesen Terminal.

Ms. Khokhryakova is known for her work on development and redevelopment projects throughout Colorado and the West. She has served as bond counsel, disclosure counsel, and issuer's counsel to the State of Colorado, state authorities, higher education institutions, counties and municipalities, special districts, and other government issuers.

Ballard Spahr's Public Finance Department is considered one of the finest in the nation. The practice is home to more than 50 attorneys and has participated in the issuance of more than $1 trillion in tax-exempt obligations in every state and American territory. The firm was named Public Finance Firm of the Year last year by U.S News and World Report- Best Lawyers and Thomson Reuters continuously ranks it among the top firms in the country for bond and underwriter's counsel by dollar volume.

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