Project Overview
ASM’s project involved borrowing approximately $9.7 million to refinance its outstanding Series 1999 Variable Rate Demand Bonds and fund related transaction costs.
Financing Overview
ASM’s Series 2018 Bonds were structured as $9.7 million fully-amortizing, non-bank qualified tax-exempt debt. Wye River Group conducted a competitive financing solicitation for ASM’s resulting in 12 highly-competitive financing proposals.