Nollenberger Capital Partners Completes Bond Financing for San Francisco’s Aquarium of the Bay

SAN FRANCISCO--(BUSINESS WIRE)--Nollenberger Capital Partners, Inc. (NCPI), a privately held investment banking and advisory services firm, today announced the successful closing of a $6.5 million variable rate revenue bond financing for The Bay Institute Aquarium Foundation. The proceeds were used to purchase the San Francisco Aquarium of the Bay, located at Pier 39. Started in 1996, the Aquarium will be turned into a Not-For-Profit organization, focusing on environmental education and the funding of “green” projects in the bay area. The bonds were secured by an irrevocable stand-by letter of credit issued by the Federal Home Loan Bank (FHLB) of San Francisco and First National Bank.

“Nollenberger Capital Partners is very pleased to have worked with and support the San Francisco Bay Aquarium Foundation with their financing needs”

“This transaction faced many hurdles and obstacles. However, with perseverance and dedication from Nollenberger Capital Partners and The Bay Institute, it turned into a successful endeavor, benefitting our community and protecting the bay,” said John Greenlee, Managing Director in Nollenberger Capital Partners’ Public Finance group. He continues, “This type of financing clearly exemplifies the level of expertise and relationships that our firm has developed within the Not-For-Profit sector.”

“Nollenberger Capital Partners is very pleased to have worked with and support the San Francisco Bay Aquarium Foundation with their financing needs,” said Bruce Nollenberger, President and CEO. “We appreciate that this 501(c)3 is protecting our San Francisco Bay ecosystem, and are pleased to partner with this visible and integral center for education and research.”

Nollenberger Capital Partners Public Finance and Fixed Income Trading team has been working with public entities and their staff for a more than 150 years combined. Their financing solutions experience span state and local governments and Not-For-Profit entities nation-wide. NCPI’s Investment Bankers assist municipalities in managing the entire process, from a complete evaluation and analysis of the public entities’ specific financing needs to the underwriting, issuance, and distribution of municipal securities. Our Fixed Income Trading team offers NCPI clients competitive pricing and our ability to access taxable and non-taxable fixed income securities from many of Wall Street’s largest underwriters.

About Nollenberger Capital Partners, Inc.

At Nollenberger Capital Partners, we believe that success is a shared vision. We are a full-service investment advisory services firm providing wealth management, investment banking, public finance, retirement plan services and equity capital markets. Our high-touch approach, combined with experienced advisors, provides insight-driven solutions. We have one goal in mind, our clients’ success. For more information about Nollenberger Capital Partners, please visit www.ncpi.com.