Jefferson County, Alabama's $2.24 billion Sewer Revenue Warrants refinancing marked a monumental achievement in the county's financial turnaround following its 2011 bankruptcy. This complex restructuring eliminated costly accreting debt and leveled debt service, allowing Jefferson County to regain market access and attract substantial interest from domestic and international investors alike. With over $1 billion in present value savings, this financing represents a profound shift in the county's financial landscape, providing a sustainable debt structure while keeping utility rates stable for residents. Jefferson County's journey exemplifies a true turnaround story, setting an example for other issuers facing challenging financial situations.
Deal of the Year 2024: Jefferson County, Alabama (Southeast)
December 15, 2025 2:27 PM