Cases & Deals

Bank of America Merrill Lynch and JP Morgan underwrite $313 million bond component of $1.4 billion U.S. Route 460 Virginia project

Clients Bank of America Merrill Lynch and JP Morgan

Jones Day advised Bank of America Merrill Lynch and JP Morgan as underwriters' counsel in connection with the approximately $313 million bond component of the $1.4 billion project to construct a four-lane toll road between the cities of Petersburg and Suffolk, Virginia. This is a public-private partnership transaction between US 460 Mobility Partners (a joint venture between Ferrovial Agroman and American Infrastructure), the Virginia Department of Transportation, and Route 460 Funding Corporation of America, a 63-20 Corporation formed for the transaction.

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