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Bryant Rabbino assists New York City Industrial Development Agency on $2,475,000 transaction for Octopus Garden Inc. (10/27/17)

The New York City Industrial Development Agency (“NYC IDA”) announced that it closed a $2,475,000 straight lease transaction with Octopus Garden Inc. (the “Company”) on October 27, 2017.

The Company was established in 1998 by Vincent Cutrone (seen smiling below). Vincent purchased an existing fish distribution company and shifted the business to focus on more difficult to source products such as octopus, squid, and cuttlefish. Today the Company’s products are sold to commercial customers throughout the U.S. and across the world. The Company currently occupies a 2,000 square foot facility in Gravesend Brooklyn which has limited their ability to grow. Through the financial assistance provided by the IDA, the Company will acquire and renovate a 10,000 square foot property in Port Richmond Staten Island. The project will enable the Company to increase employment by over 50%.

Seth Bryant and Bernard Armoo assisted NYC IDA on this transaction.

 

 

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BRYANT RABBINO ADDS R. D. BROWN & ASSOCIATES TEAM

Bryant Rabbino LLP is pleased to announce the additions of the team from R. D. Brown & Associates.

Ronald D. Brown, founder and principal of R. D. Brown & Associates, along with Kristin M. Makar, Associate, and Alexandra Gilbert, Paralegal, have joined Bryant Rabbino LLP.  Ronald Brown joins as a Partner in the firm’s Corporate Group with a focus on private equity, asset and project finance, telecommunications transactions and African corporate transactions.  Ronald has experience representing private equity funds, private investors, portfolio companies and other clients in structuring, negotiating and documenting equity and debt financings as well as asset and project finance transactions in the U.S., Africa and Europe.  Ronald recently represented a South African private equity fund in its joint venture with the largest international company in its sector to operate a national U.S. $500 million per year South African business.  Ronald represented a leading U.S. telecommunications company client in a series of end-of-sale-leaseback transfers involving multi-jurisdictional fiber optic segment assets and related easement rights.  Ronald also has experience structuring and negotiating private equity investment transactions, portfolio company operating agreements and asset and project financing documentation for various assets, including aircraft and power plants.  He is the former Chairman and CEO of a U.S.-based African manufacturing and sourcing company.  Ronald received his J.D. from New York University School of Law, his M.B.A. from New York University Graduate School of Business and his A.B. from Harvard College.

“We are extremely excited to have Ron, Kristin and Alexandra join Bryant Rabbino,” said Seth Bryant, Managing Partner.  “Ron brings a unique combination of legal acumen, strategic vision, energy and hustle that his clients have come to rely on and benefit from.  His extensive legal and business experience combined with his savvy will be invaluable as Bryant Rabbino grows its practice representing private equity and strategic investors and clients with special corporate or commercial situations requiring a dedicated legal team,” added Bryant. 

“Ron and his team have developed a very interesting practice that fits nicely with Bryant Rabbino’s capabilities,” said Anne Adams Rabbino, Partner.  “We embrace Ron as a new Partner and are excited about the opportunity to work with him to grow our practice in vital ways, including building on his team’s experience in assisting large corporate clients and private equity and project-based clients,” she added.  

Ron said “I am very pleased to join Bryant Rabbino to allow our corporate team to provide increasingly broader and more varied legal services to corporate clients and to grow and expand our U.S. and Africa corporate practice.  The firm is a strong fit for us with its experience in public finance, project finance, securities, real estate and other corporate practice areas. I look forward to working with my colleagues at Bryant Rabbino to support the growth and continue the success of the firm’s corporate practice.”

 

 

 

Bryant Rabbino Assists MTA on the Remarketing of $167,435,000 of Dedicated Tax Fund Variable Rate Refunding Bonds (6/14/2017)

Bryant Rabbino LLP served as Co-Bond Counsel to the Metropolitan Transportation Authority in connection with the remarketing of $167,435,000 Dedicated Tax Fund Variable Rate Refunding Bonds, Subseries 2008A-2a (SIFMA Floating Rate Tender Notes). The transaction closed on June 14, 2017. 

 

Seth Bryant, Charles Keefe, Jeff Piemont and Brittni Reaser assisted on the transaction.

Bryant Rabbino Assists MTA on the Remarketing of $82,575,000 of Dedicated Tax Fund Variable Rate Refunding Bonds (5/25/2017)

Bryant Rabbino LLP served as Co-Bond Counsel to the Metropolitan Transportation Authority in connection with the remarketing of $82,575,000 Dedicated Tax Fund Variable Rate Refunding Bonds, Subseries 2008A-2a (SIFMA Floating Rate Tender Notes). The transaction closed on May 25, 2017. 

Seth Bryant, Charles Keefe, Jeff Piemont and Brittni Reaser assisted on the transaction.

Bryant Rabbino Assists the MTA on the Remarketing of $100,000,000 Transportation Revenue Variable Rate Refunding Bonds (4/6/2017)

Bryant Rabbino LLP served as Co-Bond Counsel to the Metropolitan Transportation Authority in connection with the remarketing of $100,000,000 Transportation Revenue Variable Rate Refunding Bonds, Subseries 2002D-2a (LIBOR Floating Rate Tender Notes), consisting of $50,000,000 Subseries 2002D-2a-1 (LIBOR Floating Rate Tender Notes) and $50,000,000 Subseries 2002D-2a-2 (LIBOR Floating Rate Tender Notes). The transaction closed on April 6, 2017.

 

Seth Bryant, Charles Keefe, Jeff Piemont and Brittni Reaser assisted on the transaction.

 

Bryant Rabbino Assists the MTA on Issuance of $1,201,975,000 Triborough Bridge and Tunnel Authority General Revenue Bonds (1/19/2017)

Bryant Rabbino LLP served as Co-Bond Counsel to the Metropolitan Transportation Authority in connection with the issuance of $300,000,000 Triborough Bridge and Tunnel Authority General Revenue Bonds, Series 2017A and $901,975,000 Triborough Bridge and Tunnel Authority General Revenue Refunding Bonds, Series 2017B. The transaction closed on January 19, 2017.

Seth Bryant, Charles Keefe, Jeff Piemont and Brittni Reaser assisted on the transaction.