Our Clients

Over the years, PFA has developed a diverse client base that includes state and local governments, not-for-profits, public housing authorities, colleges and universities, and public works.

Since 2001, PFA has served as financial advisor to the City of Huntsville on an on-going, contractual basis and on 15 tax-exempt transactions totaling over $452 million. In 2008 , the City of Huntsville became the first and only municipality to achieve a AAA S&P rating in the history of the state of Alabama. We also served as financial advisor to the City of Huntsville Public Building Authority on its 2003 issuance of over $55 million Lease Revenue Bonds for the construction of a new jail facility. In 2007 our firm acted as FA for a refunding of that issuance that added approximately $35 million in new money.

PFA has served as Financial Advisor to the State of Alabama in various capacities since 2005. In 2007, our firm served as financial advisor to the Alabama Public School and College Authority (APSCA) on its issuance of $1,070,585,000 of Capital Improvement Bonds, the largest issue by the State of Alabama in its history. We have also assisted the APSCA in issuing in excess of an additional $1.3 Billion in Capital Improvement Bonds since 2007. PFA has served as FA to the State of Alabama in the issuance of over $500 million in General Obligation debt as well as to State related entities such as the Capital Investment Trust Fund Bond Commission, the Alabama Incentives Finance Authority on its sale of $140 million in taxable and tax-exempt special obligation tax bonds in 2009, the Alabama Revolving Loan Fund Authority on its publicly offered sale of $20 million in taxable special obligation bonds in 2010, the Alabama Mental Health Finance Authority on its publicly offered sale of $26,595,000 of tax-exempt bonds in 2005, the Alabama Judicial Building Authority on the sale of $32 million in tax-exempt revenue bonds in 2007, and the Alabama Building Renovation Finance Authority on its publicly offered sale of $30 million of tax-exempt bonds in 2006 and $26 million in 2010, among others.

It has also served as FA to the Huntsville Madison County Airport Authority (“HMCAA”) as a part of its industrial development activities as a technical advisor to existing and potential tenants located within the Jetplex Industrial Park and Free Trade Zone as well as its financial advisor on the issuance of over $77 million in tax-exempt debt. In 2010 HMCAA issued over $13 million in new and refunded money as well as $18 million in Passenger Facility Charges Revenue Bonds.

PFA served as the independent Financial Advisor to the Alabama Space Science Exhibit Commission (ASSEC). In addition to serving as financial advisor on the issuance of over $16 million in tax exempt debt, it assisted ASSEC with its overall financial management strategies and on-going analytical work. Its functions included re-negotiation of its existing bank debt and the credit enhancement structure for prior financings as well as a refunding and restructuring of all of its debt.

PFA served as financial advisor to 37 Alabama Public Housing Authorities which issued over $125 million in Capital Program Revenue Bonds in 2003, the first transaction of its kind in the country and one which now serves as a template to similar transactions across the country. The Housing Authority transaction was done on a competitive sale basis and as a first-of-its-kind transaction required extensive market support which was accomplished through industry-wide conference calls in conjunction with the rating agencies and direct meetings with major market participants. PFA continues to serve the PHFC in its asset management of the transaction.

PFA served as financial advisor to the Town of Trinity, Alabama on the issuance of $1.6 million in debt to finance a sewer system. This represented a first time issuance of debt by the Town and was part of an overall financing agreement between three governmental entities which PFA helped to negotiate.

PFA serves as financial advisor to the City of Auburn, AL and has assisted in the issuance of $30 million in tax exempt bonds since 2007. We also serve as FA to the City of Opelika, AL and have assisted in the issuance of $25 million in Electric System Revenue Warrants, $15 million in taxable telecommunications system revenue warrants, and over $15 million in general obligation warrants both taxable and tax-exempt including school warrants and Recovery Zone Economic Development Warrants. In addition, PFA serves as financial advisor to Mobile County, AL including support on the issuance of over $63 million in General Obligation Warrants in 2010 both taxable and tax-exempt and including Recovery Zone Economic Development Warrants and Build America Warrants.