Business
Momentus Securities and Mesirow Help Issue One of the Largest CDFI Bond Offerings Ever: $122.75 Million With An A+ Rating
NEW YORK, August 11, 2025--Community lenders can issue bonds and use the funding for a variety of needs, while bond investors can recoup their loan and receive interest.
About this update from Momentus Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":200,"url":"https://media.zenfs.com/en/business-wire.com/047683ad1f003417be0300a21a701f5b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/osYnHEmfTSHc9LUaEror_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQwMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/047683ad1f003417be0300a21a701f5b","width":480,"height":200}},"lazy":false},{"type":"text","content":"NEW YORK, August 11, 2025--(BUSINESS WIRE)--Momentus Securities, LLC, and Mesirow Financial, Inc., have structured and managed one of the largest bond offerings ever by a community development financial institution, or CDFI.","length":224,"tagName":"p"},{"type":"text","content":"Capital Impact Partners, one of the nation’s foremost CDFIs, has issued $122,750,000 aggregate principal amount of Taxable Bonds, Series 2025-1 (the "Bonds"), which closed on July 30, 2025. The Bonds were rated A+ by S&P Global.","length":242,"tagName":"p"},{"type":"text","content":"The Bonds were issued in two tranches, with $54,000,000 aggregate principal amount issued at an annual interest rate of 5.335% and maturing on August 1, 2030; and $68,750,000 aggregate principal amount issued at an annual interest rate of 5.999% and maturing on August 1, 2035.","length":277,"tagName":"p"},{"type":"text","content":"Capital Impact Partners will use net proceeds from the issuance of the Bonds to repay outstanding debt. By tapping into the capital markets to create balance sheet flexibility and further diversifying its debt sources, this transaction allows Capital Impact Partners to expand its lending, investments, and programmatic efforts to better support the creation and expansion of small businesses and community facilities in communities nationwide.","length":444,"tagName":"p"},{"type":"text","content":""Community development financial institutions, and other community lenders such as certified development companies (CDCs) and credit unions, need more liquidity in order to help support economic growth throughout the United States, but they have long been unable to utilize the mainstream capital markets as a resource," said Jaime Aldama, President of Momentus Securities, an SEC-registered broker-dealer, a MSRB-registered municipal advisor,...