Escrow Structuring

Wye River assists many of its clients with the refunding of prior issues of debt.  For those clients with “advance” refunding needs, our Finance Plans include the structuring of defeasance escrows with State and Local Government Series (SLGS) securities or other eligible securities.  When SLGS are unavailable, as is often the case when the Federal Government debt ceiling is reached, we help our clients competitively solicit and secure the required number of bids from appropriate providers pursuant to the requirements of CFR Section 1.148-5.  In situations where we are already serving as financial advisor, our clients benefit from not having to pay the typical “bidding agent” fees associated with the structuring of defeasance escrows. 

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