Our clients benefit from our ability to provide a broad spectrum of services to suit all their financial needs.
We manage client-driven strategies built on our 30-year record of trust, independence and integrity.
PFM’s professional teams include experts in every major area of public finance.
We are proud to help our clients meet their financial challenges with a broad array of services delivered in an unbiased manner that serves solely our clients’ interests.
PFM serves the communities we live in, the schools our children attend, and the governments and non-profits institutions that serve our nation.
PFM is a place where honest, intelligent, dedicated, creative people can grow and thrive.
PFM is the industry leader in virtually all segments of the municipal finance industry.
Development of Plan of Finance / Capital Markets Transaction Advisory
Since being selected as financial advisor more than eight years ago, PFM has helped the Virginia Port Authority, the third largest east coast port, issue over $557 million of debt. Like most seaport credits, VPA’s Terminal Revenue Bond credit can be significantly impacted by changes in national and global economic conditions. Aside from outside market factors, VPA can control several other credit factors such as management and its debt. PFM has assisted VPA in setting policies and practices related to management and debt that ensure sound credit ratings. Since PFM was hired as VPA’s Financial Advisor, the Terminal Revenue Bond rating increased from A1 to Aa3 by Moody’s and from A to A+ by Standard & Poor’s. Throughout the turbulent financial markets experienced over the past few years, the demise of the bond insurers and severe economic conditions, we have helped VPA manage its credit story and have guided the Authority through a successful sale of Terminal Revenue Bonds in 2010 and a negotiated sale of Port Fund Revenue Bonds in 2011.
PFM provides the VPA with a broad range of financial advice, including advice on its debt, investments, public private partnerships and its long term strategic development and capital improvement plan.
A sample list of financial advisory services that PFM has provided to VPA is provided below.
PFM plans to continue assisting VPA with the establishment and implementation of prudent fiscal management practices and to develop and execute effective strategies for debt issuance in the seaport credit market. With PFM’s ongoing support as its Financial Advisor, VPA is positioned not just to weather, but thrive in today’s unpredictable and volatile municipal marketplace.
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.