SOURCE: Husch Blackwell

Husch Blackwell

January 04, 2017 15:35 ET

Vista Ridge Named "North American Deal of the Year" by Project Finance International

KANSAS CITY, MO--(Marketwired - January 04, 2017) - Project Finance International recognized the Vista Ridge regional water supply project with a 2016 PFI Award for North American Deal of the Year. Husch Blackwell represented Garney Construction in closing $927 million of project financing in connection with Vista Ridge, which aims to expand the water supply of the San Antonio, Texas, metropolitan area. Garney holds an 80 percent equity stake and plays the lead role in overseeing the design, construction and financing of the project.

"The Vista Ridge project demonstrates how public-private partnerships can play a vital role in building out crucial infrastructure," said Charles Renner, Husch Blackwell's lead attorney on the Garney representation. "In an era of constrained public finances P3 projects can offer a win-win solution for governments and their constituents on major, high-profile initiatives."

Vista Ridge is the first large-scale public-private partnership (P3) in the U.S. water industry, supporting the construction of a 142-mile pipeline that will deliver 16.3 billion gallons of water per year, expanding San Antonio's water supply by 20 percent. The project's financing closed in November 2016.

About Husch Blackwell

Husch Blackwell is an industry-focused, full-service litigation and business law firm with locations in 19 U.S. cities and in London. The firm represents national and global leaders in major industries including energy and natural resources; financial services and capital markets; food and agribusiness; healthcare, life sciences and education; real estate, development and construction; and technology, manufacturing and transportation. For more information, visit huschblackwell.com.

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