Case Study:Resources for the Future

1616 P St NW, Suite 600 Washington DC, 20036

Project Overview

Wye River was engaged by RFF to provide financial advisory services in connection with refinancing its outstanding Series 1998 Bonds and the financing of a portion of the costs of land acquisition and certain capital improvement projects in RFF’s office building in Washington, D.C.

Financing Overview

Wye River assisted RFF in securing $23.4 million of non-bank qualified tax-exempt financing to refinance their existing debt, fund capital expenditures and related transaction costs, and a $1.4 million taxable margin loan to finance additional tax-exempt ineligible costs.

Wye River Group’s Role

Wye River had the privilege to provide strategic planning and advisory services to RFF. Our services included:

• Plan of Finance development including a detailed assessment of the refinancing alternatives with respect to RFF’s outstanding Series 1998 Bonds
• Debt capacity assessment and operational and financial impact to RFF of the refinancing and new-money borrowing
• Competitive financing solicitation
• Negotiation of financing terms with RFF’s selected lender
• Supporting financial analyses and financial covenant compliance testing

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