Case Studies

  • Pennsylvania School Districts

    PFM currently serves as financial advisor to approximately 170 of the 501 school districts in the Commonwealth of Pennsylvania, many of which are the Commonwealth's fastest growing and have the greatest capital needs. Over the past five years, PFM has assisted Pennsylvania school districts with financings that total over $7.0 billion. These financing plans are designed to maximize state reimbursement, increase interest earnings and provide financing at the lowest possible interest cost. Among the strategies that we have helped our clients employ are financings via general obligation notes and bank-loan structures,  bond pool borrowings, fixed- and variable-rate structures, financings through the State Public School Building Authority, and Qualified Zone Academy Bonds/Qualified School Construction Bonds.

    PFM has also accumulated considerable expertise in dealing with architects, engineers and construction managers for school projects. We coordinate public hearings for new school buildings, structure financings to match project draw schedules, and design financings that maximize the amount of state reimbursement received for a project. Finally, we have been very successful in assisting our clients with receiving ratings upgrades. In the past year alone, PFM has helped nearly a dozen school district clients in Pennsylvania receive upgrades of one and two "notches."





    These materials are based on factual information from actual projects that The PFM Group of companies has engaged in for a client. They are for general information purposes only and are not intended to provide specific advice or a specific recommendation. The results of individual projects will vary significantly depending upon the size and structure of each transaction, permitted investments, prevailing market conditions at the time of the transaction, and other events or circumstances beyond our control. Past performance does not necessarily reflect and is not a guaranty of future results. The information contained in these case studies is not an offer to purchase or sell any securities.