Corporate Affiliate

George K. Baum & Company

Founded in 1928, George ‎K. Baum‎ & Company‎’s National‎ Higher Education Finance ‎‎team‎ includes some of‎ the ‎industry’s ‎most seasoned bankers, advisors, quantitative & research professionals, as well as former rating analysts. Since 2000, GKB has provided independent financial advisory or underwriting services for 508 higher education issues exceeding $19 billion, $3.9 billion of which were completed in 2017.

Member Meeting on Collaboration
     Presenter: 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017
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CONTACT: Linda Eremita at eremita@gkbaum.com or 412-419-8437

To go to their website, click here

Linda Eremita
2017 Brian Mitchell Award for Collaboration 
Don Francis (AICUP), Linda Eremita (George K. Baum), 
Tim Alexander (AICUP), Brian Mitchell

AICUP Debt Financial Advisory & Bond Program

Through this Program, AICUP members have managed all aspects of their Debt Portfolio including: 

 • Fixed, multi-mode and variable rate bonds

 • Rating agency reviews

 • Competitive bids

 • Public offerings and private placements

 • Debt restructurings and refundings

 • Tax-exempt and taxable debt issuance

 • Financial advisory services

 • Underwriting

 • Continuing disclosure assistance

The Program’s highly experienced team includes the national Higher Education Practice Group of George K. Baum & Company, Ballard Spahr, and The Bank of New York Mellon Trust Company (as Trustee). The same individual team members employed by the program’s participating firms have worked with the program since its inception in 1997, saving AICUP members both time and costs of issuance. 

AICUP cumulative bond program volume totals more than $1.2 billion of financing since the inception of the program.

Special features include:
     • No need to deal with politics of hiring/organizing "a finance working group team"
     • Bonds may be:
        a) Competitively bid as public debt;
        b) Competitively bid as a private placement; or
        c) Sold as a negotiated transaction
     • CUBBS (the AICUP bank qualified financing option) is a form of direct
        bank loan to colleges and universities incorporating many flexible features
     • Efficient AICUP team with standardized base documents
     • Program commitment of not-to-exceed fees
     • Program discounts related to fees (includes rating fees) 

Linda Eremita 

George K. Baum & Company

AICUP Member Participants: 43 since 1997
Program Volume: 123 bond issues approximating $1.2 billion
Savings of time: Has ranged between 80 and 160 hours of College/University staff time (per issuance)
Member Savings: Ranged between $40,000 and $120,000 (per issuance) since 1997

map  101 North Front Street, Harrisburg, PA 17101-1404    l    Phone: (717) 232-8649    l    Fax: (717) 233-8574    l    Email: info@aicup.org