Landscape view of bridge over highway

Public/Private Partnerships

Committed to helping your business thrive.

KeyBanc Capital Markets logo Deep industry expertise allows us to bring valuable insights and actionable ideas to our clients. We’re ready to help guide your business toward its strategic goals through customized financial solutions.

Expertise

As part of a large, U.S.-based bank with a deeply rooted regional presence and solid relationships among over 500 state/local public-sector clients across the country, KeyBanc Capital Markets excels at understanding the sensitivities and needs of local constituencies and public officials. We are an objective, product-agnostic lender and advisor focused on supporting clients in achieving their financial goals.

Our infrastructure and public-private partnerships (P3) practice actively finances infrastructure projects in the U.S. This includes either public finance/municipal tax-exempt transactions or project finance/P3s on a non-recourse, project finance basis to deliver public infrastructure assets. With private participation in the financing of these public assets, risk allocation and operating efficiencies between the public and private sector are maximized over a project’s life cycle (both during construction, and long-term operations and maintenance).

Sectors

KeyBanc Capital Markets infrastructure and P3 practice offers a broad array of financial products and services across sectors.

Transportation

 

  • Airports
  • Roads
  • Parking
  • Crossings
  • Transit
  • Rail
  • Marine ports

Social Infrastructure

 

  • Courthouses
  • Detention Facilities
  • Office Buildings
  • K-12 Schools
  • Higher Education
  • Laboratories
  • Healthcare
  • Sports

Utilities

 

  • Central Utility Plants
  • Renewables
  • Digital Infrastructure
  • Water
  • Wastewater
  • Street Lighting
  • Broadband Communications

Solutions

Commercial Bank

 

  • Bank Loans
  • Revolving Credit Facilities
  • Liquidity Facilities
  • Working Capital Facilities
  • Letters of Credit
  • Direct Placements to Bank
  • Derivatives/Swaps
  • Cash Management

Investment Bank

 

  • Tax-exempt Private Activity Bonds
  • Taxable Bonds & Notes
  • Private Placements (144A and Regulation D)

Financial Advisory Services

 

  • Transaction Structuring
  • Procurement Strategy & Support
  • Financial Modeling & Analysis
  • Market Outreach
  • Funding Competitions
  • Federal Loan/Bond Applications
  • Rating Agency Support

Capital Markets

KeyBanc Capital Markets also provides a wide range of capital market solutions, including:

Recent Deals

July 2021

$225 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Lead Bookrunner
Administrative Agent
Hedge Provider

Mergers & Acquisitions

applegreen---other
February 2021

special purpose affiliate and member of

for the development of the

Central Utility Plant Replacement P3 Project

$122 Million

Green Senior Secured Notes

Financial Advisor
Sole Placement Agent

Debt Capital Markets

california-state-university---other
June 2020

special purpose affiliate and member of Hunt San Marcos Development, LLC

for the development of the

City of San Marcos, Texas Public Services Complex P3

$41 Million

Construction Loan Facility

Sole Arranger

Debt Capital Markets

hunt-san-marcos-development,-llc---other
March 2020

special purpose affiliates and members of

West End Ventures, LLC

FC Cincinnati Holdings, LLC

$125 Million

Senior Secured Credit Facilities

Sole Manager

Debt Capital Markets

fc-cincinnati-holdings,-llc---other
April 2019

special purpose affiliates and members of

Travis County Courthouse Development Partners, LLC

$75 Million

Revolving Credit Facility

Sole Lender

Debt Capital Markets

travis-county-courthouse---other
March 2019

Energy Concession P3 Project

$250 Million

Revolving Credit Facility

Joint Lead Arranger
Joint Bookrunner

Debt Capital Markets

the-university-of-iowa---other
June 2018

special purpose affiliates and members of

StadCo LA, LLC

$2.25 Billion

Senior Secured Multiple-Draw Term Loan Facility

Lender

Debt Capital Markets

stadco-la,-llc---other

KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp® and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

Please read our complete KeyBanc Capital Markets disclosure statement.

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