Silverton, OR (July 2022) – The City of Silverton announces the refinancing of two current debt obligations. One of the original notes was procured through the Local Oregon Capital Assets Program (LOCAP), a financing program available to members of the League of Oregon Cities and the Association of Oregon Counties. The other obligation was a Sewer Revenue Refunding Bond Series 2010. The new refinanced obligation provides a payment schedule tailored to the City’s needs and provides significant savings. Structuring for the refinancing was provided by Government Capital Corporation, Southlake, Texas.
“Government Capital Corporation has assisted us with multiple projects over the past two years. The most recent refinancing completed with Government Capital, allowed us to save over $600,000.” commented Kathleen Zaragoza, Deputy City Manager/Finance Director, City of Silverton. “It is always a pleasure to work with the experienced and professional team at Government Capital.”
“I would like to congratulate Kathleen Zaragoza and the City of Silverton on this refinancing,” stated Stephanie Cates, Vice President, Government Capital Corporation. “This is a great example of dedicated leaders diligently assessing and acting on the needs of their community.”
About the City of Silverton
The City of Silverton was incorporated in 1885 and is now home to over 10,000 residents. The first settlers of Silverton came to the banks of the Silver Creek, following timber and waterpower, in the 1800s. The City of Silverton is the host of the Oregon Gardens and is known as the Gateway to Silver Falls. To learn more visit www.silverton.or.us
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $5 billion in Oregon and across the country. For more information, visit www.govcap.com