Where We Work
Large Issuer
Public Finance
Large issuers have unique needs. State-level issuers operate within a slice of the municipal market that has a very limited number of issuers and heavy coverage by rating agencies. Large, urban cities and counties often have complex operating environments, unique taxing systems (sometimes not available to other cities or counties in that state), significant infrastructure needs and, often, credit challenges. Columbia Capital has advised these issuers for 26 years. Our team has the depth of expertise in rating strategy, Federal tax limitations, breadth of security structures and transaction management abilities to serve large issuers with excellence.
Columbia Capital's advisory team has served large issuers and urban issuers for 26 years. Our experience spans general obligation, annual appropriation and lease-revenue bonds; transportation, toll road and mass transit bonds; utility revenue bonds; economic development financings; special tax financings; tax, bond and revenue anticipation notes; as well as structured credits and securitizations, including pension bonds, tobacco bonds, tax receipt securitizations, and public-private partnerships.
Importantly for large issuers, Columbia Capital has advised on more than 180 transactions with par amounts of $100 million or greater. Our team is adept at understanding the rating considerations and unique marketing approaches necessary to bring large transactions to market.
Columbia Capital also has significant expertise designing and executing on new credits, with more than 60 financings that introduced new issuers or existing issuers bringing new financing programs to market.
Columbia Capital has expertise advising:
- states and state agencies
- statewide conduit issuers
- regional governments
- special districts
- cities
- counties
- community colleges
- K-12 districts
- higher education
- public utilities
- transportation agencies
- iconic issuers
Depth of Experience
14
Series 50
municipal advisors
10
Series 54
advisor principals
5
Series 65
investment advisers
1,550
Completed
Transactions
100
Percent committed to the practice of public finance
Services Offered
01
Conceptual Plan of
Finance Development
02
Transaction Financial
Advisory Services
03
Economic Development
Advisory Services
04
Post-Issuance
Compliance
05
Rating Agency
Strategy
06
Bond Proceeds
Investment
Case Studies
New Credit Design
Sales Tax Securitization
Corporation
Columbia Capital served as financial and structuring advisor to the Sales Tax Securitization Corporation (STSC), a special purpose entity developed by the City of Chicago to securitize its sales tax distributions from the State of Illinois.
Pension Bonds
Riverside County
In 2020 Columbia advised Riverside County on a pension bond financing that had been two years in the making. Despite COVID-19 pandemic uncertainties, the financing was a success, meeting the County's goals from the transaction.
Municipal Utilities
Missouri SRF
Program
The State Environmental Improvement and Energy Resources Authority (the “EIERA”) selected Columbia Capital Management as its new financial advisor effective July 1, 2014 for its clean water and drinking water revolving loan fund (SRF) programs.
Transportation Systems
Bi-State
Development
Nearly every component of Bi-State Development's debt portfolio suffered in the wake of the Global Credit Crisis of 2008/2009. As the provider of mass transit for the St. Louis metropolitan area, BSD relied on Columbia Capital to develop a step-wise plan to help it manage through crisis.
Airport Credits
Chicago O'Hare
Airport
The Chicago Department of Aviation engaged Columbia Capital to serve as financial advisory on a seven-part transaction, including both refunding and new money, with total par of nearly $2.1 billion.
Lease-Revenue
City of
San Diego
In 2020 Columbia advised the City of San Diego evaluate and execute a taxable advance refunding in the wake of the COVID emergency, providing the City with refunding efficiency metrics, breakeven metrics, and interest rate sensitivity analysis.
Trusted
Issuers and borrowers large and small, from coast to coast, have relied upon Columbia Capital as a strategic advisor for 26 years.
Experienced
Columbia Capital combines 150 years of public finance expertise among its team of highly experienced, proven professionals.
Independent
Columbia Capital is unaffiliated with commercial and investment banks, insurance companies and others in the financial services industry.
Columbia Capital Management, LLC is a registered with the US Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) as a municipal advisor. The firm is also registered with the SEC as a registered investment adviser. Columbia Capital has a statutory duty to serve its governmental clients as a fiduciary.
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