�Jim Preusch is the Chief Financial Officer of the Alameda Corridor Transportation Authority. Preusch initially became involved with ACTA as a part of his role as CFO of the Port of Los Angeles. Serving as Treasurer of the ACTA JPA, from 1989 to 1999, Preusch assembled the financing team and crafted the multi-sourced funding plan to pay for the $2.4 billion grade separation and rail trench project. He spearheaded negotiations with the US DOT, leading to a flexible $400 million loan that supported much of the up front costs of the project. Preusch also worked extensively with the rating agencies and bond insurers to build credibility and understanding of the ACTA project, leading to successful bond ratings, and bond insurance. He led the financing team in the sale of almost $1.2 billion in senior, subordinate, taxable and tax-exempt debt, and together with the ACTA management and other members of the financing team negotiated the terms of a $347 million grant from LA MTA. Preusch also assisted in the 1994 railroad right-of-way negotiations, leading to property acquisition transactions of $386 million. From 2002 to 2004, Preusch served as co-financial advisor to ACTA.Preusch rejoined ACTA as its CFO in September 2004, and since that time has revitalized ACTA’s accounting, financial reporting, and revenue collection. In recent years Preusch has worked extensively toward restructuring ACTA’s outstanding debt. In 2012 ACTA closed a Railroad Rehabilitation & Infrastructure Finance (RRIF) transaction with the US Department of Transportation Federal Rail Administration to refund about $84 million of 1999 debt, and in 2013, ACTA sold $248 million in refunding bonds to redeem additional callable 1999 debt. In 2016 ACTA sold $591 million in refunding bonds to restructure inflexible 2004A capital appreciation bonds improving the potential to match future revenue and debt service. These transactions along with other debt redemption measures have served to reduce ACTA’s debt service requirements and improve coverage over the next several years.
Like what you see? Make sure you're getting it all
Independent and authoritative analysis and perspective for every segment of mergers and aquisitions.