Finance Monthly Deal Maker Awards 2015 Edition

50 www.finance-monthly.com DEAL MAKER OF THE YEAR - USA Fifth Third Bank’s $46.5 million purchase of privately placed tax-exempt bonds for Financing the Redevelopment of Chicago’s Navy Pier Chosen for his involvement in the following transaction: Miller Canfield is a full service global law firm offering businesses a broad array of integrated legal services in over 55 areas – from Antitrust, Automotive, Bankruptcy, Corporate, Finance, International Arbitration and International Business, to Labor and Employment, Litigation, Real Estate, ITAR/Export Controls, Intellectual Property and Zoning. Today the firm has 300+ lawyers and paralegals throughout the U.S. and in Canada, Mexico, Poland and China. Miller Canfield is also part of a global network of law firms located in North and South America, Europe, Asia and the Middle East, which further expands global reach and the ability to service clients. With clients and contacts worldwide we are where you are—and need to be to help you reach your goals. For more information, visit www.millercanfield.com . Huntzicker practices in the areas of commercial real estate finance, construction lending and commercial real estate. In the area of secured lending, Huntzicker represents lenders in the negotiation, documentation and closing of commercial loans secured by real property and/or personal property, with an emphasis on construction and project finance. Huntzicker also handles post-closing loan administration, loan modifications, restructurings, forbearances and workouts and all matters relating to Article 9 of the Uniform Commercial Code. Whether it involves commercial real estate or secured lending, Huntzicker is highly responsive to the firm’s clients and knows how to manage transactions to achieve timely and successful closings. From the acquisition and development of retail, office, hotel, residential, industrial and other kinds of real property to representing landlords, tenants and property managers in commercial leasing matters and representing owners in obtaining conventional and securitized financing, Huntzicker has extensive experience in commercial real estate transactions and also advises clients on entity formation and governance matters. Firm Profile In June 2015, Miller Canfield announced that it served as legal counsel to Fifth Third Bank for the bank’s $46.5 million purchase of privately placed tax-exempt bonds issued by the Illinois Finance Authority (IFA). Proceeds of the bonds will assist in financing projects that are among the highlights of the first phase of updates to Navy Pier, Chicago’s top tourist site. The bonds for the Navy Pier redevelopment were issued by the IFA in two series and purchased by Fifth Third Bank in December 2014. They consist of: • $26,500,000 in aggregate principal amount of Revenue Bonds, Series 2014A (Navy Pier, Inc. Project), to finance the purchase and installation of a new observation wheel, which will replace the existing Ferris wheel, and to pay for related structural and site improvements; and • $20,000,000 in maximum aggregate principal amount of Draw Down Revenue Bonds, Series 2014B (Navy Pier, Inc. Project), to finance construction of pier related projects and to pay for pierscape improvements, including the redesign of the pier’s outdoor public spaces. Navy Pier opened as a municipal pier in 1916 as part of Daniel Burnham’s “Master Plan of Chicago.” The framework for the pier’s redevelopment is the Centennial Vision, which includes redevelopment of Navy Pier’s public outdoor spaces and improvements to the interior of the Family Pavilion and South Arcade. The redevelopment is headed by Navy Pier, Inc. and is scheduled to be substantially complete in 2016 – the pier’s 100th anniversary. The Miller Canfield legal team was led by Joseph Huntzicker of the firm’s Real Estate, Finance and Construction Group, and Anthony Mavrinac of the firm’s Banking Group. “It is our privilege to have served our valued client, Fifth Third Bank, as the bank provides financing for the Navy Pier Centennial Vision of expanding and upgrading the pier and keeping it a world-class public space,” said Huntzicker. He added that the firm’s role included multiple aspects of project finance: real estate, tax-exempt bonds, legal structuring, financing, leasing and construction matters. Fifth Third Bank and Miller Canfield worked with Navy Pier, Inc. and its advisors to expedite the closing of this important bond issuance to help keep the redevelopment efforts on track for their scheduled completion. Transaction Repor t JOSEPH C. HUNTZICKER Pr i nc i pa l a t Mi l l er Canf i e ld WINNER: Joseph C. Huntzicker - Miller Canfield, 225 W. Washington, Suite 2600, Chicago, IL 60606 T: +1.312.460.4290 | E: huntzicker@millercanfield.com | W: www.millercanfield.com