Our Washington, DC-based Municipal Finance specialists 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.
NATIONAL HOUSING FINANCE GROUPOur 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.
PRIVATE ACTIVITY BONDS & ECONOMIC DEVELOPMENT PROJECTSGeorge K. Baum & Company has been involved in the evaluation, structuring, underwriting and distribution of private activity bonds since the 1960s. We are familiar with the credit practices of banks that issue letters of credit and are able to provide appropriate recommendations on coverage requirements, reserve funds, additional bonds tests, capitalized interest and pricing structures needed to sell the bonds at the least cost.
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.
SWAP ADVISORY SERVICESOur Specialty Financial Products Desk works closely with our team and clients to implement an interest rate swap strategy that meets the financial needs of those clients.
SECONDARY MARKET SUPPORT OF BONDS IN THE MIDWESTGeorge K. Baum & Company's commitment to the municipalities of Kansas and Missouri does not end in the primary market. Investors know we are committed to supporting their bonds in the secondary market, and this may significantly enhances our ability to place bonds as part of a primary offering.
STATE GOVERNMENT FINANCINGSOur work in the Midwest has included bond issues to fund restoration of state capitol buildings, improvements to highways and turnpikes, structuring and implementation of clean water and wastewater revolving funds, and numerous healthcare and higher education financings.