The Arizona/Southwest public finance operation provides services to a variety of municipalities, including but not limited to states, cities, towns, counties, special districts (non-profits such as hospitals, nursing homes, housing, adult care facilities and special facilities), Indian tribes, school districts, housing and infrastructure developers.
- Underwriting Services
- Preparing Bond Issuance Document
- Marketing the Bonds
- Successful Closing
HSE provides a full range of services as financial advisors or underwriters. The planning process begins with a review of a municipality’s finances, existing indebtedness, previous borrowing practices, budgets and capital improvement plans. HSE identifies policy alternatives, assists in developing operating and capital budgets and formulates alternative debt structures and financing techniques.
It is important to assess foreseeable project risks before structuring financing. HSE helps develop options which permit your municipality to make informed decisions.
Housing (for non-profit and for profit entities)
- Provide alternative financing structure, i.e. Credit Enhancement, on private placements
- Coordinate tax-exempt volume cap applications
- Coordinate activities for tax-credit applications
- Coordinate activities to receive approval from the various local and state agencies
- Market Bonds
- Attend to closing details
HSE provides the same applicable services for health care as with housing.
On behalf of municipalities and developers, HSE structures infrastructure financing for water, wastewater, solid waste, streets, lighting, etc.
HSE assists schools with referendums, helps them secure bond insurance, markets bonds, and attends to closing details.
State and Federal Programs
HSE will assist issuers and other eligible entities obtain funding through various state and federal programs. Programs may provide lower interest rates, grants, matching funds or other assistance.
HSE will monitor issuers’ outstanding debt to provide information or advice on refunding (refinancing) opportunities.
Preparing Bond Issuance Documents
HSE will help prepare and distribute your official statements and other documentation needed to ensure that the sale of bonds complies with industry practices, laws and regulations. We work with bond counsel, construction professionals and auditors to safeguard your investment. HSE’s experience in financing public development projects lends significant value in problem solving, recognizing inconsistencies and negotiating better pricing, thereby saving your community time and money.
Marketing the Bonds
HSE aggressively markets your bond issue to achieve the lowest cost of financing. Our daily participation in the national bond markets assures you the most competitive rates.
Document preparation for bonds involves many parties and takes time to develop and coordinate. We prepare the necessary documents for all of our clients’ transactions. We add value during this phase by liaising with our clients and their counsel to ensure that bond documents are accurate, sufficient, and filed in a timely manner.
For more information about any of our services please contact one of our Arizona Public Finance Representatives.
- Leo V. Valdez
Leo V. Valdez
Leo Valdez is a Senior Vice President and the manager for the Phoenix office. He has over 20 years experience in municipal finance in Arizona and the southwest, including extensive experience in industrial development authority bonds, sales tax (excise tax) revenue bonds, infrastructure finance, school districts, multi-family housing, single-family housing, hospitals, and special needs revenue bonds. Leo also has experience with rating agency and insurance company presentations. Prior to working in the investment banking industry, Leo worked for the United States Department of Agriculture. He was a specialist loan officer under the Business & Industry Loan Note Guarantee Program in Washington D.C. and later became the Chief for the program in the State of Arizona. He still implements government programs to assist issuers and companies obtain financing in the form of government loan guarantees and grants. He holds a Bachelor of Science degree in Agriculture Business from New Mexico State University and a Master of Science degree in Finance from American University, Washington, D.C. He is a board member of the Arizona Lottery Commission and sits on several charitable board organizations.
Recent Deals / Arizona
$34,320,000 — The Industrial Development Authority of the County of La Paz, Arizona
$217,565,000 — City of Phoenix Civic Improvement Corporation (Arizona)
$7,250,000 — The Industrial Development Authority of the County of Pima (Arizona) (Milestones Charter School Refunding Project)
$33,555,000 — Washington Elementary School District No. 6 of Maricopa County, Arizona
$225,325,000 — City of Phoenix Civic Improvement Corporation (Arizona)