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L.J. Hart & Company
16401 Swingley Ridge Road, Suite 210
Saint Louis, Missouri 63017-0740


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Refunding Analysis

Preparation of Refunding Analysis for Existing Bonds

With the Company’s philosophy of structuring financings with short call features, opportunities to refinance existing debt and enjoy significant interest savings may be available. In order to achieve the maximum benefit of the issuers’ debt service fund revenues, it is important to take advantage of opportunities to refinance debt with more attractive interest rates and accelerate the payment of principal when beneficial to the issuer.

If the original debt obligation contained optional redemption (call) provisions, it may be possible to achieve attractive savings through an advance or current refunding of the bonds. If the original bonds do not have a call provision, the issuer still may benefit from a refunding by achieving greater flexibility on the refunding issue in order to better anticipate future needs.

Providing our client issuers with the best possible redemption provisions is a specialty of L.J. Hart & Company.