BLX

FORM ADV
BLX
BLX






Tobacco Post-Securitization Administrative Services

Tobacco settlement asset-backed bond issuers face a complex post-issuance environment. In addition to the requirements of the IRS Treasury Regulations for tax-exempt bonds, issuers must also abide by the myriad of federal tax requirements specific to such transactions. Since the first tobacco transaction was issued in 1999, BLX has pioneered a comprehensive package of post-issuance consulting, compliance, and administrative services designed to establish critical procedures to significantly reduce the risk of non-compliance.

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Such services include:

  • Tobacco Settlement Revenue Allocation and Monitoring
  • Universal Cap Analysis
  • Hedge Bond and Endowment Fund Monitoring
  • Arbitrage Rebate Compliance
  • Continuing Disclosure

With regulatory changes occurring in the tobacco industry and ongoing litigation challenging the validity of the Master Settlement Agreement, the tobacco marketplace looks very different than it did in 1999. Fortunately, BLX1 offers an unparalleled combination of experience and expertise to monitor and address new developments as they occur.

For more information on BLX’s Tobacco Post-Securitization Administrative Services, please contact:

Justin Gagnon, Managing Director
919 537 8855
jgagnon@blxgroup.com

[1] BLX is a wholly owned subsidiary of Orrick, Herrington, & Sutcliffe.

©2017 BLX Group