Capital Markets

Municipal Public Finance

Through USCA Municipal Advisors – an MSRB-registered municipal advisory firm – U.S. Capital provides independent guidance to state and local governments, agencies, and other public entities on a wide range of financing needs. Our team works with issuers to evaluate bond offerings, refinancing opportunities, and debt structures, always with an emphasis on transparency, compliance, and long-term fiscal planning.

Financing Strategy &
Market Insight

We begin by working with issuers to review existing financial resources, debt obligations, and repayment schedules in order to develop financing strategies that are both practical and forward-looking. Our role is to provide perspective on current market conditions, interest rate environments, and anticipated issuance trends so that municipalities and agencies can make informed decisions. This process often involves identifying whether new capital needs should be met through a fresh issuance, a refinancing, or adjustments to debt structure, all with the goal of aligning financing with broader policy and fiscal objectives.

Bond Issuance & Refinancing

When a public entity determines that entering the market is the right course, we guide them through every stage of issuance or refinancing. Our team helps prepare the necessary documentation, coordinates with counsel and other professionals, and advises on an appropriate method of sale most appropriate for the circumstances. In a competitive transaction, we oversee the bidding process and confirm results, while in a negotiated sale, we provide pricing oversight and comparables analysis to ensure that issuers receive fair and efficient execution. In either case, the objective is to secure financing under terms that support long-term stability and flexibility.

Debt Structure & Credit Considerations

Public entities often face complex debt profiles that require thoughtful analysis. We assist in evaluating capital structures, repayment terms, and refinancing opportunities, offering perspective on how these decisions fit within long-term financial plans. In addition, we work with issuers as they consider credit ratings, helping them prepare materials and presentations for rating agencies and supporting their outreach to the investor community. These efforts aim to ensure that issuers are well positioned in the marketplace and can achieve the broadest possible access to capital.

Transaction Execution &
Closing Support

Our work does not end at pricing. We coordinate across all parties to manage the closing process and ensure that transactions are delivered smoothly and in full compliance with regulatory requirements. Beyond closing, we remain available to respond to issuer questions and to provide ongoing guidance as financial circumstances evolve. This commitment reflects our belief that municipal advisory work extends beyond a single transaction and should support the enduring fiscal health of the communities we serve.

Public Finance Team

Meet our team of Public Finance professionals dedicated to assisting our valued capital markets clients.

David Holland

Head of Public Finance

Senior Managing Director

Lewis Wilks

Managing Director

Ben J. Rosenberg

Managing Director

James F. Gilley

Managing Director

James F. Gilley, Jr.

Managing Director

Julie A. Peterson

Director

Marian “Spook” Willoughby

Director

Partner With a Team You Can Trust

Move toward a more assured financial future – one built on clarity, not guesswork.