Situation
To keep up with customer demands, Rotating Equipment Repair Inc. sought to expand production space at its Wisconsin facility. The pump manufacturing company financed construction of its approximately 46,500-square-foot addition with tax-exempt industrial development revenue bonds.
Result
The Husch Blackwell team served as bond counsel to Rotating Equipment and as counsel to Johnson Bank, which provided several credit facilities, including a term loan, revolving line of credit and the purchase of the bonds.