Services
Services by Division
Six divisions cover the capital lifecycle, from early private financing through listing, follow-on offerings, and sale. Each entry below explains the products in the division and their typical applications.
Investment Banking & Advisory
E.F. Hutton & Co. provides equity capital markets, debt capital markets, and M&A advisory services. As a broker-dealer with our own institutional distribution, we place securities directly for clients in the Consumer, Healthcare, Industrial, Defense, and Technology sectors.
Initial Public Offerings
Coordinating the registration statement, building the book, pricing the deal, and supporting the stock in the aftermarket. Used by private companies listing on a national exchange.
Uplistings and Direct Listings
Moving a company from the OTC markets to a senior exchange, often with a concurrent raise to meet listing standards. A direct listing lists existing shares without issuing new ones.
Follow-On and Underwritten Offerings
A new issuance of stock by a company that is already public. We underwrite the offering and distribute it to institutional accounts as a marketed or overnight bought deal.
Registered Direct Offerings
Shares sold off an effective shelf registration directly to a small group of institutions. Used when a company needs capital quickly without a marketed offering.
At-the-Market Programs
A standing facility to sell stock into the open market at prevailing prices, with E.F. Hutton & Co. as sales agent. The issuer raises capital incrementally without a discrete offering.
Private Placements and PIPEs
Capital raised privately from institutions, including private investment in public equity. Used when speed, size, or a structure such as convertible notes makes a public offering impractical.
Warrant Inducements and Exercises
An offer of repriced or replacement warrants to existing holders in exchange for early exercise. It converts outstanding warrants into cash without a new marketing process.
Mergers and Acquisitions
Sell-side and buy-side advisory, including fairness opinions and valuation analysis. We run the process, prepare the materials, manage the diligence, and negotiate alongside company counsel through signing and closing.
SPAC and Business Combination Advisory
Underwriting for SPAC IPOs and capital markets advisory through the de-SPAC. Coverage includes the PIPE that funds the combination and the redemption management that determines whether it closes.
Municipal Securities Underwriting
Underwriting and placement of municipal securities. E.F. Hutton & Co. is registered with the MSRB, as required for broker-dealers engaged in municipal securities activities.
Private Credit
We arrange direct lending, mezzanine financing, and structured credit for businesses and investors seeking non-dilutive capital. Typical borrowers have sound operations and time-sensitive needs that conventional bank credit does not fit.
Direct Lending
A senior secured term loan from a single lender or small club, sized against cash flow or collateral. Typically faster to close than a syndicated facility.
Mezzanine Financing
Subordinated debt between senior lenders and equity, often with warrants attached. It fills the gap where senior debt stops and the owner does not want to sell more equity.
Structured Credit
Bespoke instruments built around a specific cash flow or covenant requirement. Features can include payment-in-kind interest, delayed draw tranches, and revenue-linked repayment.
Asset-Backed Finance & Specialty Lending
We structure asset-backed and specialty financing, including trade receivables finance, factoring, supply chain finance, and asset-based lending. Financing is underwritten against a company’s receivables, inventory, and other assets, in addition to its earnings.
Trade Receivables Finance
Cash advanced against invoices already issued. The company is paid at delivery rather than at the end of customer payment terms.
Factoring
Outright sale of receivables to a funder at a discount. The funder takes on collection and, in non-recourse factoring, the credit risk of the receivables.
Supply Chain Finance
A program that lets suppliers get paid early against a buyer’s credit while the buyer keeps its payment terms. The program supports supplier liquidity without using the buyer’s cash.
Asset-Based Lending
A revolving facility sized on a borrowing base of receivables, inventory, and equipment. Availability is recalculated as the collateral base changes.
Credit Tenant Lease & Ground Lease Finance
We structure credit tenant lease and ground lease financing for real estate investors and developers on net-leased and ground-leased properties. Underwriting is based primarily on the tenant’s credit, which supports long, fixed-rate terms.
Credit Tenant Lease Debt
Long-dated, fully amortizing, fixed-rate financing sized against the lease payments of a creditworthy tenant. Commonly used for single-tenant industrial, retail, government, and healthcare property.
Ground Lease Finance
Separating the land from the improvements and financing each on its own terms. The senior ground position prices at a lower rate, which can reduce the blended cost of capital.
Sale-Leaseback
Selling an owned property and leasing it back. It converts real estate on the balance sheet into cash for the operating business while the company keeps using the building.
Private Equity
We arrange growth capital, leveraged buyout financing, and structured equity for businesses. We work with corporations and financial sponsors to raise equity financing in the public and private markets.
Growth Capital
A minority investment in an established company, used to fund expansion, hiring, or an acquisition. The owners raise capital without handing over control.
Leveraged Buyouts
Acquiring a controlling stake using a combination of equity and debt. The buyer typically partners with the existing management team or a new one we help recruit.
Structured Equity
Preferred instruments with downside protection and defined return terms. Used by owners who want capital priced between debt and common equity.
Private placements are highly speculative, illiquid, and subject to potential loss of the entire investment.
Project & Infrastructure Finance
We structure non-recourse and limited-recourse financing for large-scale infrastructure, energy, and industrial projects, from origination through close. Sector coverage includes infrastructure, data centers, controlled environment agriculture, oil & gas, and shipping & marine.
Non-Recourse and Limited-Recourse Debt
Lenders look to the project company and its contracts for repayment. Structuring turns on the offtake agreement, the construction contract, and the reserve accounts that protect debt service.
Energy and Transition Assets
Generation, storage, fuels, and grid infrastructure. Structures often combine tax equity, sponsor equity, and senior debt in a single capital stack.
Infrastructure and Industrial
Transport, logistics, digital infrastructure, and heavy industrial facilities. Structures include public-private partnerships where a government counterparty carries part of the risk.
Find the Right Division
Describe the transaction and we will direct it to the appropriate division and banker.