CMC is soliciting proposals from qualified firms to provide underwriting services in connection with a potential Series 2019 or Series 2020 issuance of Certificates of Participation (“COPs”) to finance at least $20 million of capital improvement projects on its Aspen campus. The selected firm or firms will be expected to work with the College and its administrative team, the College’s financial advisor (North Slope Capital Advisors), and Bond Counsel (Butler Snow), and be required to provide principal representatives who will be involved with:
• Assisting with the formation of a prudent funding strategy, taking into consideration the College’s objectives, real estate, legal requirements and climate in the capital markets,
• Participating in the review of all legal and financial documents of the transaction,
• Assisting with development of a presentation and messaging strategy for the rating agency meeting with Moody’s, and
• Recommending a marketing strategy to sell the College’s COPs, including the identification of prospective investors, preparation of presentation materials, investor meeting and conference calls, and other related activities.
Anticipated Board Approval of the Financing is August 28, 2019.
Anticipated Pricing and Closing in October and November 2019.
Firms may access CMC’s audited financial statements on the following website: CMC Audited Financials and enrollment information, student profile reports, as well as other continuing disclosure information can be accessed on the following website: CMC Institutional Research.
Statewide