Stephens Spotlights
We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.
We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.
The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.
Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.
We are committed to bettering the communities where we live and operate. We do this by supporting corporate philanthropy, economic and financial literacy advocacy, and professional success.
Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.
Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.
We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.
We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.
Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.
Proven industry-leading research, global market insights, and client-focused execution.
Customized risk management, property & casualty, executive strategies and employee benefits solutions that protect our clients over the long term.
We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.
We have been a trusted and reliable source of capital for private companies for over 70 years.
Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.
We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.
Stephens Spotlights
Pulaski County, Arkansas, issued $128.15 million of Hospital Revenue Bonds to provide funds needed for improvements to Arkansas Children's Hospital (ACH).
Our relationship with ACH dates back to 1980. Since that time, Stephens has served as either Manager or Co-Manager on 11 financings totaling over $556 million in par amount of bonds. The Stephens Public Finance team’s track record of consistent success on these transactions, and responsiveness to ACH between transactions, led to our serving as Sole Managing Underwriter on this issuance.
Proceeds from the bonds are being used for improvements on the campus of the Little Rock Hospital. Major project components include a new outpatient building, repurposing of the existing Sturgis Building, a new main entry and Sturgis Building Gallery, renovations for inpatient space, and an Acute Crisis Unit as an addition to the existing building.
Jack Truemper, Senior Vice President in Stephens Public Finance, served as the lead banker for the firm. Stephens successfully priced tax-exempt bonds to raise funds for the hospital improvements. The bonds were rated A1 by Moody’s Investor Service and AA- by S&P Global Ratings.
The revenue securing the bonds consisted of gross revenues of ACH with additional security guaranty agreements by Arkansas Children’s, Inc., ACH, Arkansas Children’s Northwest, and Arkansas Children’s Hospital Foundation, Inc.
Stephens Private Client Group and Stephens Fixed Income Sales team did an excellent job of generating investor interest. Stephens generated over $1.2 billion in total orders – over 9x oversubscribed – during a 3.5 hour order period. Multiple institutional accounts placed orders for the majority of the issue.
Based upon the successful pre-marking of the bonds and the actual amount of orders received on the pricing date, the interest rate on the bonds was reduced from the initial pricing, benefiting ACH approximately $1.8 million in the process.