Chapman served as underwriter’s counsel in a $262 million toll road financing that was named The Bond Buyer’s inaugural P3 Deal of the Year in 2019. The Commonwealth of Virginia partnered with Transurban, an Australian toll road operations company, to finance the construction of the Fredericksburg Extension, an extension of the I-95 HOV/HOT Lanes (Express Lanes) in Stafford County, Virginia. The project was financed in part by $262 million of tax-exempt private activity bonds issued by the Virginia Small Business Financing Authority. See this video from The Bond Buyer for more information.
