Our Carlsbad-based team has more than sixty years of combined experience advising California bond issuers. With depth of experience on every type of bond financing permitted under California law, we are ready to help your agency implement its capital plan.
Columbia Capital's Carlsbad-based team has served California municipal bond issuers and borrowers for 30 years. Our experience spans general obligation and lease-revenue bonds, utility revenue bonds, special district financings, successor agency financings, special tax financings (community facility districts, special assessment districts, etc.) and tax and revenue anticipation notes, as well as pension bonds, tobacco securitization bonds, and public-private partnerships.
Columbia Capital has expertise advising:
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Columbia Capital regularly advises its clients on lease-revenue and certificates of participation (COP) financings and is well-versed in the specific requirements of California law governing these structures.
Our team's work in this area in California spans more than 120 transactions representing $3.4 billion in par offered.
Columbia Capital works closely with its clients to implement voter-approved general obligation financings, including work for K-12 school districts and community colleges.
Our team's work in this area in California spans 30 transactions representing $2.2 billion in par offered.
Columbia Capital's work on community facilities district (CFD) and special assessment district financings spans conceptual plan of finance development, active coordination of the district creation process, collaboration with special tax consultants and bond counsel, and advice on financings through capital markets, private placement and bank direct purchase financings.
Our team's work in this area in California spans nearly 60 transactions representing more than $460 million in par offered.
Columbia Capital works closely with its water and sewer utility clients on the implementation of their capital plans. Our depth of experience in this area in California and around the country allows us to develop plans of finance to achieve specific rating targets, to manage debt portfolios against rate constraints and to structure financings with future, additional bonds in mind.
Our team's work in this area in California spans 20 transactions representing more than $300 million in par offered.
Our depth of work in this unique area of California public finance allows our team to assist our clients in navigating the challenges of managing the run-off of their tax allocation districts.
Our team's work for redevelopment agencies and successor agencies spans more than 150 transactions representing $3.1 billion in par offered.
Columbia Capital's team has served as long-time advisors to the County of Riverside's Teeter Notes program. In addition, our team has significant experience assisting our clients in managing their cashflow needs through tax anticipation and revenue anticipation notes, through capital markets transactions and bank direct purchase transactions.
Our team's work in this area spans nearly 35 transactions representing $3.3 billion in par offered.
Particularly in the immediate post-pandemic era, many issuers explored the potential benefit of taxable refundings of their pension liabilities. Columbia Capital's expertise in this area spans elected official education, cooperation with actuaries, running Monte Carlo analysis and managing all facets of the financing transaction.
In 2020 Columbia Capital advised Riverside County on a $720 million pension obligation financing. Nationally, the firm has advised on seven pension obligation financings representing nearly $3.3 million in par.
Columbia Capital has significant expertise advising on structured finance transaction, including securitizations. In 2019 Columbia Capital advised Riverside County's Inland Empire Tobacco Securitization Authority on a $100 million refunding transaction.
As a firm, Columbia Capital has advised on more than a dozen securitization transactions representing more than $4 billion in par offered.
In 2020 Columbia advised Riverside County on a pension bond financing that had been two years in the making. Despite COVID-19 pandemic uncertainties, the financing was a success, meeting the County's goals from the transaction.
Columbia Capital advised the City on a two-part water revenue bond refunding, allowing for the closure of the existing lien and the ability to issue the refunding bonds on a senior lien basis.
In 2020 Columbia advised the City of San Diego evaluate and execute a taxable advance refunding in the wake of the COVID emergency, providing the City with refunding efficiency metrics, breakeven metrics, and interest rate sensitivity analysis.
The Tejon Ranch Corporation asked Columbia Capital to assist it in financing the infrastructure necessary to support its Mountain Village development, a project that, at full build-out, will include 3,450 homes, 160,000 sf of commercial development across 5,000 acres in Southern California.
Columbia Capital developed a strategy to assist the Town in obtaining a rating when two rating agencies would not provide a rating if the Town Hall was used as collateral, due to its pre-renovation seismic condition.
Issuers and borrowers large and small, from coast to coast, have relied upon Columbia Capital as a strategic advisor for 25 years.
Columbia Capital combines 150 years of public finance expertise among its team of highly experienced, proven professionals.
Columbia Capital is unaffiliated with commercial and investment banks, insurance companies and others in the financial services industry.
Columbia Capital Management, LLC is a registered with the US Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) as a municipal advisor. The firm is also registered with the SEC as a registered investment adviser. Columbia Capital has a statutory duty to serve its governmental clients as a fiduciary.