Financial Advisory & Project Financing
As an independent financial advisory firm, GFG provides advice on the structuring, sale, and administration of municipal credit financing instruments. GFG's financial advisory work covers all aspects and phases of the bond-issuance process, including the structuring of various securities:
- General obligation bonds
- Revenue bonds
- Appropriation-backed and conduit bonds
- Current and advance refunding bonds
- Certificates of participation/lease-purchase
- Asset-backed securities
- Other financing alternatives
As financial advisor to governmental and nonprofit entities, GFG staff have advised on over $6.5 billion in bond issuances. These transactions have allowed us to evaluate and implement a wide variety of credit types and debt structures, including:
- Variable and fixed rate
- Tax-exempt and taxable securities
- Tax-supported and revenue securitizations
- Public, limited public, direct and private placements
- Credit enhancement and liquidity facilities
Although each transaction requires specialized services, our scope includes the following:
- Advise on the method of sale/placement
- Provide analysis of market conditions
- Advise on the size and structure of issue
- Act as liaison to the financial community
- Prepare disclosure documents
- Coordinate rating agency relationship and prepare credit presentation information
- Assist with selection of financing team members
- Evaluate and advise on the pricing of securities
- Coordinate credit-enhancement strategies
- Assist with closing and debt management
- Calculate debt service and project draw schedules
- Advise on investment management, arbitrage, investor reporting, and refunding
Project Financing: As a companion to debt issuances, GFG provides a full range of project financing services on transactions involving multiple participants and complex, structured deals. Our approach for projects of this nature includes:
- Evaluation of alternative means of financing
- Assistance in the execution of the financing, negotiation for favorable provisions
- Identification of innovative financing solutions
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