Dana Lach Highlighted for Role in Bond Buyer's Deal of the Year
Foley & Lardner LLP partner Dana Lach shared insights on her role as bond counsel in Wisconsin’s February refunding deal in The Bond Buyer article, “Anatomy of a Deal: Wisconsin pioneers fixed spread tax-exempt tender.”
Earlier this year, Wisconsin introduced spread tax-exempt tender refunding in a first-of-its-kind deal that earned The Bond Buyer‘s Deal of the Year award in the innovative financing category. The deal saved taxpayers millions on funding for road upgrades, Department of Natural Resources projects, and University of Wisconsin buildings.
Lach shared, “There were so many bond issues involved in the tender. That requires a significant amount of diligence from a tax perspective. That is not typical, we just don’t see refundings of that many bond issues…So there is a significant amount of underlying tax diligence, which gets complicated.”
“The state is always on the cutting edge of new and innovative projects,” Lach said. “The other thing about Wisconsin is they really do intentionally use deal teams that are diverse; including that there’s always a significant female presence and I think that’s fantastic.”
Lach’s commentary also appeared in Westlaw Today.
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