Save On Interest and Drive Growth
Tax exempt industrial revenue bonds are a good option for for-profit companies seeking to fund certain manufacturing, port and solid waste disposal facilities and capital investment in special areas such as the Liberty Zone and GO Zone. PNC is a nationally recognized leading issuer, with transactions completed in sizes from $2 million to $200 million. Term fixed and floating rate debt, direct credit and credit-enhanced structures are available in the private placement and capital markets; in some cases with maturities of over 30 years. A borrower can save as much as 3.0% interest per year on qualified bonds versus conventional financing. For projects that do not qualify for tax-exempt bonds, a borrower can issue taxable variable rate debt, like Tarpaper® that can be frequently be combined with local and state tax benefits.