Case Study:Resources for the Future

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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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