Public Finance

As a public finance investment banking firm, we serve as financial advisor, senior manager, co-senior manager or co-manager for issuers in public finance transactions

From our base in Arkansas, Stephens has expanded throughout the South and southeastern portion of the country. Our practice includes negotiated and competitive underwritings, as well as municipal advisory work. The firm’s securities distribution capability, both retail and institutional, is a proven strength. As a result of our capital position, we are able to underwrite bonds quickly and efficiently for clients.

Stephens’ thorough knowledge of industry techniques and seasoned management skills enable us to provide strategic solutions for our clients. We serve in transactions as municipal advisor, sole manager, senior manager, co-senior manager or co-manager for issuers.

State Issuer and Municipal and County Government transactions are an important part of public finance.  Our work in this area has been for city halls, courthouses, roads, community recreation facilities, utility systems, jails, law enforcement facilities and other related projects.

Education-related financings have always represented a significant portion of our business. Stephens has assisted most of the higher education institutions in Arkansas, as well as institutions in Alaska, Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, North Carolina, Nebraska, New Jersey, New Mexico, Nevada, New York, Oklahoma, Oregon, Puerto Rico, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin and West Virginia. In addition, we are an active bidder on competitive issues sold for public school districts and also serve as financial advisor for a significant number of issuers.

Through the numerous issues we have underwritten, Stephens has helped improve utility systems throughout the South. Our expertise includes water and/or sewer, electric, gas, telephone, cable television, sanitation and flood control. 

Our firm has been involved with the financing of numerous healthcare facilities. Our experience includes issues for single specialty, general acute care and children's hospitals. Stephens has managed healthcare transactions in Alabama, Arkansas, California, Florida, Georgia, Kansas, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and Wisconsin. 

Stephens has participated in single-family housing transactions in Alabama, Arkansas, District of Columbia, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, New Mexico, Oklahoma, Texas and the Virgin Islands. In addition to single-family experience, we have successfully completed numerous multifamily housing bond issues.   

Beginning in the early 1980s, Stephens has been active with assisting with the issuance of sales tax bonds. During this period, we have developed financing for numerous public projects ranging from utility systems to correctional facilities.

We assist municipalities and counties in financing roads, highways and street improvements, airports, seaports, bridges, tunnels and parking facilities. 

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  • Strategic Counsel for a Winning Program

  • By leveraging financial strengths, the University of Georgia Athletic Association and Stephens strategized a winning program.

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