Public Finance

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.