East End Crossing Partners, the company that operates the cable-stayed Lewis and Clark Bridge across the Ohio River, has successfully executed a $528 million green bond offering to refinance its existing indebtedness. The Private Activity Refunding Bonds, Series 2021, (green bonds) (federally taxable) are issued by the Indiana Finance Authority (IFA) as conduit bonds and loaned to East End Crossing Partners.
East End Crossing Partners was created in 2016 to execute the 35-year public-private partnership contract that was awarded by IFA, to design, build, finance, operate and maintain the bridge. This was the first bi-state public-private partnership ever attributed in the U.S. to develop highway mobility.
East End initiated this refinancing to optimize its financing costs over the remaining term of the contract to 2051, thereby further strengthening its financing structure, while benefiting the public through a reduction in future service payments. The new bonds were a
