- Negotiating Commercial Bank Loans has become a larger part of our practice as loan availability, rates and terms vary tremendously among lenders, especially if there is a perceived lack of competition. We have experience with virtually all forms of loans and loan guarantees, and have a reputation for structuring security that satisfies the lender, without compromising the borrower’s operational flexibility.
- Bond Private Placements. In our experience, bonds that are privately placed with a single sophisticated investor, such as a bank or mutual fund, are often more suitable than a public sale, especially for the unrated or less-than-investment-grade borrower. Our direct relationships with institutional buyers provides our clients with an array of financing options outside the customary boundaries of commercial lending and investment banking
- Lower Origination Fees. Private placements do not require the same degree of disclosure as a public offering. As such, origination expenses are significantly lower.
- Competitive Interest Rates. A thirty-year term bond, priced to the average life of the sinking fund, will have a comparable net interest cost as a serial and term bond public sale.
- Flexible Terms. Bond terms and covenants can be negotiated and customized with a single lender, to a degree not possible in a public offering.
- Competitive Bond Sales are the most cost-effective vehicle for larger financings by investment-grade borrowers. As a financial advisor, we manage the sale by constructing all aspects of the financing, marketing the bonds to prospective buyers, and coordinating all parties and document production until closing.
- Recovery Act Funding, as a part of the broad Federal Stimulus program, is available for a limited time to qualifying not-for-profit entities. Such direct loans, and loan guarantees, offer financing for not-for-profit facilities construction, acquisition, and refinancing, at fixed rates and terms far below current market alternatives. We have the experience and references to identify, structure, execute and close such federally-assisted financings.
- Equity Private Placements do not have the standardized repayment and collateral criteria of a debt offering, and thus can be far more idiosyncratic to consummate. Our private equity experience has been very project-specific, with a well-outlined proposal and a pre-determined target market. We are happy to discuss specific assignments.
