News

BAM Opens Austin Office to Support Texas Municipal Bond Activity

Managing VP Greg Pacifico Continues to Lead TX Public Finance

AUSTIN, TEX., April 14, 2023 – Build America Mutual, the U.S. municipal-only bond insurer, announced the opening of its third regional office in Austin, primarily to support new-issue activity in the fast-growing state and region. BAM has insured more than 2,500 new-issue transactions in Texas since its 2012 launch, more than in any other state.

The office, at 8310 North Capitol of Texas Highway, will be led by Greg Pacifico, Managing Vice President and Head of Texas Public Finance since 2021. Vice President Vladimir Puchek is also based in the state, as a member of the Surveillance team monitoring existing credit exposures.

“No state is more active when it comes to delivering new essential infrastructure to support economic growth,” said Mr. Pacifico. “Our new office will allow BAM to deploy a larger team of analysts and develop in-person perspectives on the local economic and demographic trends that drive credit strength, and help us support even more projects in the future.”

“Texas is BAM’s number-one state by transaction volume, and we are proud to have helped finance more than $17.5 billion of critical infrastructure here over the last decade,” said BAM Chief Executive Officer Seán W McCarthy. “The Austin office is an important next step in our engagement with the state’s municipal finance industry and positions our underwriters to provide even better service to municipal bond issuers and the professional advisors they rely on.”

CONTACT INFORMATION

New-Issue Inquiries:

Greg Pacifico, Head of Texas Public Finance

512-649-7765; gpacifico@buildamerica.com

Media Inquiries:

Michael Stanton, Head of Strategy and Communications

212-235-2575; mstanton@buildamerica.com

About Build America Mutual

BAM is a mutual bond insurance company operated for the benefit of its members – the cities, states, and other municipal entities that use BAM’s financial guaranty to lower their cost of borrowing – and  BAM is the preferred provider of bond insurance for members of the National League of Cities. As of December 31, 2022, there were more than $95 billion of BAM-insured municipal bonds outstanding for more than 5,300 member-issuers nationwide.