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$13,500,000-Hudson County Improvement Authority
Town of Harrison Secured Revenue Bonds, Series 2012, Town of Harrison Notes Refinance Project
The Town of Harrison sought to take advantage of favorable market conditions by permanently financing outstanding taxable notes. The town issued bonds through the Hudson County Improvement Authority in order to achieve market rates through a negotiated sale. A negotiated sale gave the town flexibility with the timing and structure, and to ensure a successful transaction.
Harrison was able to permanently finance its notes at market interest rates and achieve the lowest interest cost available. NW served as Financial Advisor to the Authority for the transaction. Our role included running bond sizing analysis; working with the town to create an acceptable debt structure; review of financing documents; working with the rating agency; and overseeing the bond underwriting process and transaction closing.