Role: Financial Advisor to Developer
PFAL acted as the financial advisor to the developer who was selected to provide new student accommodation, a student union facility, a central power plant facility, and associated infrastructure and parking facilities on the University of Kansas campus in Lawrence. The project is a major expansion of a premier university in the United States and was procured under a process that led to the developer entering into an exclusive negotiation with the university after only 7 months. PFAL’s role included structuring the transaction, coordinating financing strategy with the client, and negotiating project and financing documentation. PFAL’s successful rating strategy allowed the university to nearly double its debt burden without suffering a downgrade, and PFAL identified over $30 million in financing cost savings for the project.