In 2010, PW&Co served as financial advisor to SRI in connection with the preparation of a debt policy establishing parameters and methods for the issuance of debt. In addition, PW&Co acted as financial advisor for the issuance and sale of tax-exempt bonds to be used to fund SRI capital investments necessary for SRI to pursue and expand its mission in important areas of research.
PW&Co assisted SRI in performing extensive financial modeling and analysis, and in preparing a credit information package and suggested terms and covenants for the proposed financing. The firm solicited proposals from banks with potential interest in the financing, responded to questions from banks, negotiated financing terms and conditions, and evaluated trade offs between covenants demanded and pricing offered by banks. PW&Co assisted counsel in coordinating the documentation of the financing and its approval by SRI and the public corporation through which the financing was issued.