ORIX USA’s Municipal and Infrastructure Business Completes $18.1 Million Special District Bond Purchase for Commercial Mixed-Use Development

Real estate low-rise construction building exterior with flat roof and playground for children in new residential area for sale. Urban development concept image

ORIX USA’s Municipal and Infrastructure business completed an $18.1 million purchase of Tax Increment Financing and Special Assessment tax exempt bonds that reimburse a developer for construction of horizontal infrastructure in a commercial mixed-use development in Canton, OH. The 100-acre project consisted of separate parcels that include a new  office building, stadium, sports fields, and an indoor arena.

ORIX USA Municipal and Infrastructure: Sole Bondholder

The deal above was not selected based on any performance criteria or contribution to any portfolio and reflects deals by ORIX USA’s Municipal and Infrastructure team, in some cases where final performance has not yet been determined. The deal was chosen by striving to select a variety of transactions that are representative of the type of financing provided by the Municipal and Infrastructure team diversified by sponsor, industry, role and size. A complete list of deals executed by the Municipal and Infrastructure team is available up on request.