Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
08.11.25
Pillsbury advised Capital Impact Partners, a leading nonprofit Community Development Financial Institution (CDFI), on its issuance of $122,750,000 in taxable bonds (Series 2025-1), marking one of the largest bond offerings ever completed by a CDFI.
Capital Impact Partners provides a wide range of financial products and impact investments aimed at expanding access to affordable housing, health care, education and healthy food. In addition, it offers training and advisory services to support community-led solutions in economically disadvantaged and underserved areas.
The bond sale, which closed on July 30, 2025, received a strong A+ credit rating from S&P Global and was issued in two parts: $54 million at a 5.335% interest rate, maturing in August 2030; and $68.75 million at a 5.999% interest rate, maturing in August 2035.
According to a press release, the 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.
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The Pillsbury deal team was led by Corporate partner Jeffrey Grill and included counsel Christopher Wing and associates Mackenzie Pantoja, Jordan Wimbish, Nathan Lewko and Dana Kim, and Finance associate Sacha Urbach.