Our Charter School Finance is committed to you, our client.
Our Charter School Finance is committed to you, our client. GKB's charter school team is dedicated to providing our clients with services including underwriting, private placements, municipal advisory, innovative and responsible solutions, and effective strategic planning for financing your capital projects. Unlike municipal advisors or commercial banks who typically offer a limited set of services, GKB provides our clients with a wide assortment of services, working with schools long before, during and after a financing. Our professionals provide a comprehensive range of services covering all aspects of a debt offering. George K. Baum & Company is a leader in primary and secondary education finance. Members of our team have executed hundreds of education bond financings for clients throughout the country. Our team has assisted schools in executing various financing structures, including fixed-rate public offerings, letter of credit-backed variable-rate offerings and bank direct purchase financings.
George K. Baum & Company is a leader in primary and secondary education finance.
Members of our team have executed several hundred education bond financings for clients throughout the country. Our team has assisted schools in executing various financing structures, including fixed-rate public offerings, letter of credit-backed variable-rate offerings and bank direct purchase financings.
Our Charter School Finance professionals provide a wide range of services to our clients.
These services include, but are not limited to, the following:
UNDERWRITING SERVICESGeorge K. Baum & Company has been underwriting bonds since 1928. Decades of experience, dedicated staff and our "client first" philosophy has proven to be a successful formula for our longevity, successful financings and client retention.
MUNICIPAL ADVISORY SERVICESGeorge K. Baum & Company leverages the synergy of local expertise and national resources to our municipal advisory practices. Our municipal advisors work closely with other internal teams to keep abreast of market conditions to assist you in making informed decisions about your project.
DIRECT PLACEMENT FINANCINGSIn assessing a client's financing options, we detail the pros, cons and risks of direct placement financings or debt issuances sold in the public markets based on the competitive nature of the proposals and a client's own credit rating. George K. Baum & Company has a frequent presence pricing bonds in the primary market and in the arrangement of direct purchases. This experience enables our clients to obtain some of the lowest borrowing costs and most attractive terms available.
DUAL TRACK FINANCING PROCESSGeorge K. Baum & Company has developed a unique "dual track" financing process to assist clients in determining an appropriate financing structure for their offering. The dual track includes distributing a credit package to banks and rating agency(ies) for their review as part of the client's Request for Proposal process. George K. Baum & Company assists with preparing the Request for Proposal, facilitates the rating processes, and prepares a comprehensive summary analysis to simplify the decision-making process. The dual track RFP process often yields positive results for our clients because banks are put in a competitive situation.
FINANCIAL PROJECTIONS MODELINGOur Housing Group consists of experienced bankers, quantitative analysts and underwriting and syndicate specialists who work with state and local housing finance agencies to assess their needs and those of the communities they serve to develop appropriate product and financial solutions.
IN-HOUSE QUANTITATIVE CAPABILITIESGeorge K. Baum & Company has a robust program to provide quantitative analysis for municipal financings. Our commitment to inclusive quantitative analysis led to the formation of a specialized quantitative finance group whose sole responsibility is to develop and implement functional and analytical tools for our clients. Our significant experience in the area of debt structuring includes all aspects of refunding and cash flow modeling, such as crossovers, invested sinking funds and transferred proceeds. Our quantitative professionals specialize in performing a variety of important tasks, which include bond structuring, refunding calculations and inovations, pro-forma analysis, escrow restructurings and cash flow analysis
NEW PROJECT FINANCINGGeorge K. Baum & Company assists our clients with a wide variety of debt financing for acquiring or expanding existing facilities or building new ones using publicly issued bonds or direct purchases. Our expertise in both the public markets and the direct purchase markets enables our clients to analyze the full range of financing possibilities.
RATING AGENCY PRESENTATIONSGeorge K. Baum & Company has developed proprietary methodologies for working with rating agencies to secure first-time, or obtain renewed, ratings for our borrowers. George K. Baum & Company devotes extensive resources to the development of each credit package with the intention of exceeding the expectations of the client and rating agencies.
REFINANCING & RESTRUCTURING DEBTGeorge K. Baum & Company assists our clients by taking advantage of market opportunities to refinance or restructure existing debt. Cash flow savings from reduced annual debt service can improve operating budget flexibility and provide reinvestment opportunities.
CHARTER SCHOOL START-UP FINANCING PROGRAMHistorically, it has been quite difficult and/or expensive for new charter schools (or existing schools undertaking substantial growth) to obtain facilities financing in the absence of any equity or philanthropic support. George K. Baum & Company offers a FINANCING PLAN TAILORED TO THOSE SCHOOLS, making a school’s dream facility more readily available and quickly attainable.
With our partners, GKB CAN TYPICALLY OBTAIN 25-50% SUBORDINATE LOAN FUNDING for high quality charter schools. Those loans are provided at affordable rates. With that subordinate funding in hand, GKB is able to arrange traditional senior funding (via tax-exempt bonds or bank loans) which would typically be unavailable otherwise. This provides an opportunity for schools to FULLY FUND THEIR FACILITIES PROJECT prior to an expected opening or planned expansion.