Financial Advisory Services

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Debt Issuance

LGS conducts a comprehensive review of applicable legal, financial, economic and other relevant information necessary to develop a comprehensive plan of finance. The plan often includes, but is not limited to: funding requirements, alternative debt structures, marketing, method of sale, security features, call provisions, credit ratings, credit enhancement, term, federal tax implications and other related matters.

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Process Management

LGS plans and assists jurisdictions to maintain strict adherence to a step-by-step financing timeline.  LGS also maintains a list of transaction participants and takes other actions requested by the jurisdiction to efficiently manage each debt transaction in order to meet objectives.

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Document Preparation

LGS assists in the preparation of financing documents including, but not limited to:  official statement (the primary document prepared on behalf of a state or local government in connection with a new issue of municipal securities – comparable to a prospectus for a corporate equity or debt offering), notice of sale (a formalized announcement of a jurisdiction’s intent to accept bids from an underwriting firm or bank in connection with the sale of municipal securities), bid sheet (printed form for a prospective bidder to complete and submit a bid), DTC Letter of Representations (the Blanket Letter of Representation from the jurisdiction and the Paying Agent to DTC which provides for a book-entry system) and various other related documents.

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Selection of Service Providers

As appropriate, LGS assists in the selection of other service providers necessary to conduct each financing including. This may include, but is not limited to: bond counsel (an attorney or law firm retained, typically by the jurisdiction, to give the traditional bond opinions), underwriters (a municipal securities dealer that purchases a new issue of municipal securities from the jurisdiction), rating agency (company that provides ratings that indicate such company’s opinion of the relative credit quality of securities), trustee, verification agent and financial printer.

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Credit Ratings

LGS coordinates the credit rating process,  prepare comprehensive written credit rating presentations and reviews common sample questions with its clients to ensure they are fully prepared and comfortable with the credit rating process.

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Continuing Disclosure

Public jurisdictions that have issued bonds or notes are often times subject to Rule 15c2-12 of the U.S. Securities and Exchange Commission (the “Rule”). The Rule requires annual financial information to be submitted by the jurisdiction to the Electronic Municipal Market Access (“EMMA”). The Rule also requires timely notice of certain events material to their bonds or notes.  LGS will act as the Dissemination Agent for the its clients secondary market disclosures.

Our Specialties

LGS Assists Public Jurisdictions to Understand and Strategically Navigate the Complexities of the Debt Markets

Get In Touch

Get In Touch

Address

Brewster NY, 10509

Phone

(845) 464-3625