Tribal Services – Tim Steinke

From my perspective, having the guidance and assistance of Derivative Logic should be normal practice for any organization with exposure to interest rate fluctuations. Given a long professional history with Rex Evans at Derivative Logic, I was confident he would professionally educate our organization on the benefits of interest rate hedge products.

[icon name=”plus” class=”” unprefixed_class=””] Tim Steinke: CFO, Osage Casino

The planned rebuild of our Osage Casino & Hotel in Tulsa required us to take on the most significant amount of debt in the tribe’s history. As normal practice in the gaming and hospitality industry, we entered into a syndicated credit facility which commenced at a floating interest rate. This is predominantly an intimidating experience for any debtor, and because of this concern, it was mandatory for our management team to educate ourselves and manage the financial impact changes in market conditions could create. Given a long professional history with Rex Evans at Derivative Logic, I was confident he would professionally educate our organization on the benefits of interest rate hedge products. He presented to our stakeholders and made them feel secure in the knowledge there are ways to protect against market fluctuations that may adversely affect our debt service. He has been an advocate for us when dealing with our lenders and continues to be a trusted advisor as we navigate these significant financial decisions on a routine basis. His experience as someone who has worked on the inside of some of the largest banks gives him invaluable insight, which he has generously shared for our financial benefit. From my perspective, having the guidance and assistance of Derivative Logic should be normal practice for any organization undertaking a capital project requiring debt of a material proportion.

Tim Steinke: CFO, Osage Casino

LinkedIn: Tim Steinke
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