Experience
Floating Rate Note Programs – Multiple Benefits Achieved
Representing an underwriter in for State Revolving Fund Program structuring multiple tax-exempt and taxable floating rate note programs for a State revolving fund issuer for various water development purposes. The issuer achieved not only access to capital on flexible, market terms, but also accomplished its state law objectives that would otherwise restrict it from making critical loans to local governments prior to the issuance of long-term fixed rate bonds.
Refinancing State Water Program Bonds
Marc worked with the finance team to move quickly into the market to take advantage of market conditions for significant present value savings for the program, ultimately benefiting local government agency borrowers.
Ohio’s First Large Scale P3 Project– the Portsmouth Bypass Project
Maneuvering Ohio’s new P3 statute and contributing to the successful coordination of financial close on over $200 million in tax-exempt private activity bonds, we assisted the finance team on the Ohio Department of Transportation’s first P3 deal for the 16-mile, four-lane limited access highway that links Rts 23 and 52 in Portsmouth, Ohio.
$100 million Financing of Department of Transportation District and County Outpost Facilities
Managing approximately 19,300 of roadway under its jurisdiction, we assisted the Department in a financing of $100 million in improvements to its District and County outpost facilities where most highway-related functions are preformed, like planning, design, construction, engineering and maintenance.
Structured public private partnership between Ohio City and charitable trust for park development and preservation
Using a public private partnership between the City and a charitable trust, structured the acquisition financing of blighted properties abutting shoreline of Ohio’s largest man-made lake. Through the partnership’s efforts, the properties will be redeveloped and available for park and greenspace purposes for future generations to come.
Our Smaller Municipal Clients Highly Valued – Bond Counsel and Construction Counsel
A small, rural school district unfortunately experienced a failing HVAC system in the middle of a cold, Ohio winter. With our assistance, they developed a project delivery method for a new system complying with the myriad of Ohio construction laws applying to political subdivisions and the project was financed, delivered and completed all within a budget acceptable to our client.
Joining Economic Development and Brownfield Development to Further Community Goals
With an old municipal landfill holding up development in an otherwise vibrant and growing suburban community, worked with a community improvement corporation to structure acquisition and construction financing for environmental remediation of a brownfield and the creation of a nine-hold executive golf course, clubhouse and driving range allowing for adjacent mixed-use development to move the development forward.
Unique Draw-Down Direct Bank Purchase Advance Refunding Bonds Saves Local Hospital Interest Expense
All tax-exempt direct purchases are definitely not alike. Counseling a bank client on the offering of a variable rate, draw-down advance refunding of tax-exempt bonds with a forward starting swap wasn’t a run-of-the-mill financing but through our efforts the bank retained a valuable hospital client and the hospital took advantage of historically low interest rates to achieve substantial savings.
Higher Education Financing – Helping Our Clients Provide for Their Educational Environments
Configuring two different credit facilities to achieve refinancing interest expense savings and to leverage long-term investment income and short term interest rates, we assisted in the development of a program of financing that allowed this institution of higher learning to conserve its financial resources and further its educational mission.
Tax-Exempt Healthcare Financing for Community Hospital Accomplishes Saving and Plows More Money Back into Healthcare Mission
Guided community hospital through tax-exempt bond new money and refinancing process achieving substantial refinancing savings. Proceeds from the bonds were used to acquire much needed hospital bed upgrades and new technology for diagnostics, surgery and oncology, all of which are critical to the delivery of effective health care services to the community.