Lone Star College System is a junior college system and political subdivision of the State of Texas. The System, formerly North Harris Montgomery Community College District, serves students from several campus locations. Many of the System’s locations were in the need of energy conservation and mechanical upgrades and the System was evaluating options to make such improvements.
Crews was able to work with Lone Star College System to finance various energy conservation and mechanical upgrades to their campuses. Our firm worked with the System to determine the most feasible approach to financing the improvements. We acted as the sole senior manager and underwrote 18-year, fixed rate, tax-exempt notes rated “AAA” by Standard and Poor’s. The notes were secured by a maintenance tax the System was authorized to levy.
Crews worked hard to serve our client in extraordinary ways by: