Chapman served as underwriter’s counsel in a $110.9 million revenue bond financing for the Golden State Connect Authority. Proceeds of the bonds, along with Federal Funding Account grants awarded to GSCA by the California Public Utilities Commission, will be used to construct the Golden State Fiber broadband network. The financing will fund broadband deployment projects in six rural counties—Alpine, Amador, Glenn, Imperial, Mono, and Tehama—as well as the Town of Mammoth Lakes, bringing fiber access to over 31,000 unserved and underserved locations. The network will utilize an open-access municipal model, allowing multiple internet service providers to compete for customers. The bonds will be repaid solely from system revenues generated by the operation of the fiber network. Chapman’s deal team included partners Larry White, Hillary Phelps and Juliet Huang, and senior counsel Seema Patel.
