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.