Mission Economic Development Corporation’s $336.430 million Senior Lien Revenue Bonds


Bracewell LLP recently served as bond counsel to the Mission Economic Development Corporation in connection with the issuance of its $336.430 million Senior Lien Revenue Bonds (Natgasoline Project) Series 2018.

Proceeds of the bonds are being loaned to Natgasoline LLC to be used in the financing and refinancing of a methanol production facility located in Beaumont, Texas.

Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC served as the underwriters of the bonds.

Mission EDC, a component of the City of Mission, Texas, is tasked with creating jobs, attracting capital investment, improving the quality of life and strengthening the workforce in Mission, Texas. Mission EDC accomplishes its task by focusing in five areas: Entrepreneurship and STEAM Education, Business Expansion and Retention, Recruitment, Infrastructure and Transportation and Quality of Life.

Bracewell advised Mission Economic Development Corporation with a team including Cristy C. Edwards (Picture), Brian P. Teaff, Charles L. Almond and Paige H. Abernathy.

Involved fees earner: Paige Abernathy – Bracewell; Charles Almond – Bracewell; Cristy Edwards – Bracewell; Brian Teaff – Bracewell;

Law Firms: Bracewell;

Clients: Mission Economic Development Corporation;

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Author: Ambrogio Visconti