FBT Project Finance Advisors LLC
Established by Frost Brown Todd in 2015, FBT Project Finance Advisors LLC is a registered municipal advisor with the SEC and MSRB. Our municipal finance and consulting team has worked on project finance solutions for the delivery and implementation of hundreds of infrastructure projects. We have extensive experience consulting on public and project finance projects, including design-build and DBFOM (design build finance operate and maintain) public-private partnerships utilizing availability payments, tolls, at-risk and other innovative delivery methods.
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We counsel clients from the earliest stages of each project through financing, construction, and project administration. We help evaluate options such as SPV (special purpose vehicle) revenue finance, P1 (traditional public finance), P2 (public-public transfers and tax-exempt finance) and P3 (public-private partnerships), in order to identify the funding sources best suited to our client’s project goals. Most important, our team recognizes that when it comes to governmental operations, capital needs, and project finance, there is no one-size-fits-all solution. We work with clients to develop solutions that fit their community’s needs, protect their balance sheet, and deliver bottom-line results.
Strategic Advice
Our municipal finance and consulting team has a wealth of experience working as general counsel, bond counsel, issuer’s counsel, and as governmental advisors. We’ve worked with hundreds of local government entities and developers utilizing the financing capabilities of those governments. From cities and villages, to counties, townships and states, to hospitals, nonprofit organizations and real estate developers, our team understands the unique fiscal, operating and business challenges municipalities and private companies face in providing infrastructure and services to taxpayers, particularly when clients are faced with a shrinking pool of revenue.
Areas We Service
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Project Finance
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Municipal bonds
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PACE finance and bonds
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Public/private partnerships
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Health care finance
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Debt restructuring
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Economic development
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Redevelopment
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Tax compliance
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Tax increment financing (TIF) and Special Districts
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EB-5 finance
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Derivatives and monetizations
Compliance & Contract Review
We assist clients in both pre-issuance and post-issuance compliance with local laws and federal tax and securities laws, including rebate and tax audit work and responses to governmental initiatives like the Securities and Exchange Commission’s MCDC (Municipal Continuing Disclosure Compliance) initiative. We also assist clients with their review of contractual obligations, covenants and assessment, including restructuring and monitoring of such obligations and covenants.
Legislative Counseling
Our government relations experience is also of great benefit to our municipal clients, whom we help craft legislation and navigate the legislative process. As one example, David Rogers worked with Jonathan Miller and Brooke Parker of CivicPoint, an affiliate of Frost Brown Todd providing legislative and public affairs services to governmental units and businesses, to draft legislation that now allows property owners to use special assessments to finance energy efficiency projects. With the introduction of the Energy Project Assessment District (EPAD) Act of 2015, Kentucky citizens joined 40 other states in using property assessed clean energy (PACE) mechanisms to lower the cost of these projects.
