Stout & Teague Negotiates Tax-Exempt Bond Modification for Resources For the Future

Stout & Teague Negotiates Tax-Exempt Bond Modification for Resources For the Future

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Jul 31, 2020
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Stout & Teague has completed a revision to tax-exempt bond financing obtained by Resources for the Future, Inc. in connection with acquisition and renovation of its headquarters building at 1616 P Street, NW. Stout & Teague worked with counsel Richard Newman of Arent Fox to negotiate revised terms with bondholder Atlantic Union Bank. The partial refinancing will reduce interest costs and give RFF the flexibility to lease office space in the building to a broader variety of tenants in addition to those organizations sharing RFF’s mission in resource economics and public policy.  The new policy has already borne fruit in a lease with the Embassy of Kenya.