Providing our client issuers with the best possible redemption provisions is a speciality of L. J. Hart & Company. With the Company’s philosophy of structuring financings with short call features, or the ability to pay off debt early, opportunities to refinance existing debt and realize significant interest savings may be available.
Many of our issuer clients have taken advantage of the short call features to refund higher interest bonds to lower interest rates. Not only does this reduce future interest expense, but it also provides greater flexibility for future facility needs.