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Public Finance

Delivering credit, treasury management, capital markets and investment management services to clients in the public and nonprofit sectors

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Benefit from Nationwide, Client-Centered Support

Why are we different?

We present our clients with solutions that reflect best practices based on knowledge of other clients and industry developments and a deep understanding of their different industry sector. Our approach is organized around client needs, not products — which helps us deliver more efficient service, seamless transaction execution and opportunities for our clients to lower borrowing costs.

Our regional approach to doing business provides us with a keen understanding of the local and national economic factors affecting each client. We are responsible and professional; we care about our clients' success and the success of the communities they serve, wherever they are in the United States. 

 

PNC’s Public Finance group is committed to serving the financial needs of public sector entities of all types and sizes, from state and local governments, school districts and transportation authorities to institutions of higher education and nonprofit organizations — including hospitals and healthcare institutions.

Work with a Financial Leader

PNC combines the size, scale and capabilities of the largest national commercial and investment banks with the values and community focus of a Main Street bank.

PNC has committed more than $15 billion to governments, nonprofits and higher education institutions through balance sheet tools including loans, direct placements, lines and letters of credit, SBPA and other structures to support the capital and operating needs of public finance entities across our footprint. PNC brings a best-in-class delivery model based on the organization of credit products and risk teams around specific client sectors.

Over the past five years, we have raised capital and provided bond underwriting and investment banking services for more than 1,900 municipal bond issuances totaling more than $164 billion in municipal securities.[1] That ranks us among the largest and most active public finance firms in the nation.

#1

Overall Client Satisfaction
(2017 Greenwich Excellence Awards for Middle Market Banking)

Top 4

PNC's Treasury Management group is one of the top 4 treasury management providers in the country (EY, 2017)

Access High-Quality Funding

We offer a wide variety of municipal debt-based structures and products:

  • Tax-exempt and taxable fixed rate bonds
  • Variable rate and multi-modal bonds
  • Industrial development bonds
  • Certificates of participation
  • Innovative derivative structures (caps, floors, collars, swaps, swaptions and forwards)
  • Sale/leaseback bonds, off balance sheet financing

Bank on Our Sector Expertise

We’ve structured successful deals in virtually every sector of the public finance market. That means we know a great deal about your business, too. Our clients include:

Higher Education: Public and private colleges and universities, technical colleges

Major Governments: State governments and agencies, major cities and counties and associated agencies, major transportation agencies, utilities, airports, sports facilities

Local Governments: Smaller counties, cities, towns, townships, boroughs, water and sewer authorities, school districts, tax increment financing (TIF) districts

Schools: School districts, charter schools, private, independent or religious secondary schools and other educational institutions

Nonprofits: National, regional and community-based endowments, associations and service organizations and affiliates

Housing and Redevelopment: State and local housing finance issuers as well as direct lending, tax credit capital and syndication for housing and redevelopment projects

Healthcare: Acute care, academic medical centers, specialty care, long-term care, continuing care retirement communities, assisted living

Corporate and Economic Development: Taxable and tax-exempt industrial development or manufacturing issues and special issuance structures

Transaction Spotlights:

Students and Community Cheer Potomac School Project Financing

When the administration of The Potomac School announced that construction could commence on its $37 million Center for Athletics and Community, the crowd erupted in loud, enthusiastic cheers. Learn More »

We have a strong, long-term working relationship. The PNC team understands the challenges that independent schools face, and they make it clear that they value the opportunity to have a positive impact on the community. They worked closely with us on the financing transaction and provided us with excellent options to choose from.

Dyana Conroy, CFO/COO for Potomac

Triangle Aquatic Center Delivers Aquatic Health, Safety and Leadership in North Carolina

Open to the public, TAC sponsors “Make a Splash,” an initiative that teaches kids about water safety and drownproofing. TAC is also one of the most successful aquatic centers in the country, hosting more than 80 events annually. Learn More »

We discussed our vision with PNC over the course of more than a year to be sure that our needs and their requirements were aligned. But aside from the business nature of the relationship, it was clear that PNC understood the mission, cared about the community and wanted to provide the financing the best way possible.

Michael Curran, President of Triangle Aquatic Center (TAC)

Representative Transactions

Representative Transactions

VRDB Refunding
$11,000,000

HIGHER EDUCATION
North Carolina

Series 2017/2018 B Tax and Revenue Anticipation Note
$200,000,000

SCHOOL DISTRICT
Pennsylvania

General Obligation Bonds
$276,815,000

GOVERNMENT
Pennsylvania

Series 2017 Certificates of Participation
$43,000,000

SCHOOL DISTRICT
Ohio

Credit
$150,000,000

GOVERNMENT
Maryland

Port Improvement Revenue Bonds and Credit Facility
$64,595,000

TRANSPORTATION
Florida

Interest Rate Swap Novation
$13,075,000

HIGHER EDUCATION
Kentucky

Direct Placement
$20,015,000

NONPROFIT
Missouri

For More Information


For inquiries about how we can serve your organization's needs, contact:

Rob Dailey
Executive Vice President and Head of Public Financerobert.dailey@pnc.com   |   215-585-7357


 

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