On August 6, 2019, Pennsylvania Turnpike Commission (the “Commission”) sold the $341.325 million Turnpike Revenue Bonds, Series A of 2019 with Loop Capital Markets serving as bookrunning senior manager. Proceeds of the bonds were used to finance Commission’s ten-year capital plan for improving its roads and bridges. As a result of actively monitoring the equity and bond markets, the Firm recommended accelerating pricing by one day to take advantage of a significant bond market rally and to enter the market ahead of competition in a week with the heaviest municipal supply of the year. Loop Capital Markets was able to tighten spreads based on the breadth and depth of the order book, allowing the Commission to achieve its tightest pricing spreads ever. The transaction was sold to a broad range of institutional and retail investors anchored by orders from major mutual funds. The bonds are rated A1 (Stable), A+ (Stable), and AA- (Stable) by Moody’s, Fitch and Kroll, respectively.