Locke Lord Team Represents PureCycle Technologies in Purchase of Southern Ohio Port Authority Exempt Facility Revenue Bonds

A Locke Lord team led by Margaret Comey (Cincinnati) advised PureCycle Technologies, a company that is commercializing a patented purification recycling technology developed by The Procter & Gamble Company for restoring waste polypropylene into ultra-pure recycled rein, on its purchase of $246.7 million of $249.5 million Exempt Facility Revenue Bonds (PureCycle Project) issued by the Southern Ohio Port Authority. The bonds were issued to finance a portion of the costs to construct a plastics recycling facility in Ironton, Ohio. The bond purchase closed on March 5, 2024. Additional assistance was provided by John Whitlock, Megan Foscaldi (both of Boston), Barry Bendes (New York), Todd Cooper (Cincinnati) and Simon Fleischmann (Chicago).
Posted on March 18, 2024