Loop Capital Markets Served as Sole Underwriter for East Side Union High School District’s $97.9 Million GO Bonds, 2016 Election, Series D and 2025 Refunding GO Bonds, Series A and B

On April 28, 2025, Loop Capital Markets served as a Sole Underwriter for East Side Union High School District’s $56 million GO Bonds, 2016 Election, Series D and 2025 Refunding GO Bonds, Series A ($6.4 million) and B ($35.5 million), rated Aa3 (stable) by Moody’s. The Series D Bonds’ proceeds will be applied to finance school facility improvements authorized by District voters at an election held in November 2016 (Measure Z). Loop suggested that the District tag on a current refunding of its 2015 General Obligation Refunding Bonds and 2015 General Obligation Bonds, 2012 Election, Series B. To assist in the marketing effort, our banking team provided our underwriting and sales team with information on the top reporting holders of the District’s outstanding bonds (who own the credit), as well as those investors that would be refunded out by the 2025 Refunding Bonds. The original plan was to price on Tuesday, April 29, but after a strong bond market tone the morning of April 28, Loop recommended accelerating the pricing to the that Monday, April 28. Despite a very heavy calendar (one of the largest weeks during the month of April at $14.7 billion, of which $4.1 billion, or 28%, was from California issuers), the issue was enthusiastically received by the market. Loop’s sales force generated $364.1 million in orders from 22 unique accounts (3.7x oversubscription). This included 16 new investors (not current reporting holders of the District’s GO Bonds) and six repeat buyers. Our desk was able to leverage the size and diversity of the order book to tighten spreads across the curve by as much as 6 bps from the release scale to final pricing. In support of the transaction, Loop underwrote the 2025 ($560k) maturity on the Series B 2025 Refunding Bonds. Gross taxpayer savings across the Series A Refunding Bonds and the Series B Refunding Bonds totaled $3.7 million, or $2.7 million present value (6.11% of refunded bonds). The Series D new money Bonds achieved an All-In-TIC of 3.39%.