A basic agreement used in project financings for a Conduit Borrower. The agreement is often between the Issuer, the Conduit Borrower and the Lender. The Financing Agreement may be a Loan Agreement, lease agreement, installment sale agreement or, in some cases, a lease-sublease agreement combination. This document sets forth the terms and conditions for the financing.
Learn more about the various documents involved in a municipal securities transaction.
In a private placement, the agreement between the issuer and a lender (e.g., a bank) pertaining to the loan of the bond proceeds to the issuer. In conduit financings, the agreement between the borrower and the issuer pertaining to the loan of the bond proceeds to the borrower.
In a competitive sale, it is the term used for when the bids on the bonds are received by the issuer. In a negotiated sale, it is the term used for the process and result of the determination by the underwriter(s) and the issuer of the Interest Rates and public offering prices at which the bonds…
