Investment Banking and Underwriting Services

The Vendor is required to provide underwriting services in connection with the issuance of tax-exempt revenue bonds or other financing strategies by the Authority.
- Credit considerations. Provide a description of the Authority’s ability to access the capital markets for a tax-exempt bond issuance. Note that tax counsel has confirmed that agency can issue tax-exempt bonds for the Expansion Project. Discuss your recommended approach to rating agencies, including which rating agencies to use on the upcoming bond issuance, and areas of credit strength or weakness for the Authority.
- Underwriter spread and counsel. Provide your proposed underwriting compensation, clearly setting forth your assumptions and details. For underwriter’s counsel (if anticipated), please include an estimated or maximum fee as well as a proposed firm and individual.
- The process of evaluating federal tax credit eligibility; however, even if tax credits can be secured, the tax credits would not be available until after the construction period and thus interim financing will be needed.