Role: Financial Advisor
PFAL was engaged to evaluate delivery options for a major campus expansion project, run a procurement to identify a development partner, negotiate contracts with the developer, and arrange the financing for Augustana’s first public debt issuance. PFAL developed and executed the rating strategy with a favorable outcome and coordinated all efforts to issue the University’s bonds in March 2021. The successful financing helped to deliver new campus housing, a campus green, and several other priority projects of the University.