We have been involved in transactions ranging in size from under $1 million to issues in excess of $2 billion. We have substantial experience with transactions for which the prepayment provisions set forth in the authorizing documents is incomplete or ambiguous. In such circumstances, we work with the financial advisor and bond counsel to construct an approach to the calculation of the applicable prepayment penalty that is consistent with bond counsel’s interpretation of such incomplete or ambiguous provisions.
Because we are involved in a large number of transactions each year, we see the newest types of escrow products, structuring techniques, legal interpretations of ambiguous prepayment provisions and the impact of revised regulations soon after they are announced. We have assisted many clients by providing guidance in the application of new, non-proprietary techniques or interpretations.
Our combination of knowledge, responsiveness, technical competency, accuracy, and reasonable fees results in verification services that our clients consider to be the best in the industry.