11.18.2021
A Wilentz public finance team led by Lisa Gorab and Tony Solimine served as bond counsel to The Board of Education of the Andover Regional School District in the County of Sussex, New Jersey in connection with the issuance of $2,510,000 Refunding School Bonds, Series 2021, dated November 18, 2021. As a result of this transaction, the Board will realize $236,534 in budgetary savings over the remaining life of the bonds. This transaction resulted in 9.21% net present value savings, far exceeding the 3% threshold established for local public entities in New Jersey.
Charles Anthony Solimine
Co-Chair, Public Finance Team
Shareholder
732.855.6430