Loop Capital Markets served as bookrunning senior manager for the City of Atlanta’s $103.135 million Water and Wastewater Revenue Refunding Bonds, Series 2019 transaction

On August 13, 2019, the City of Atlanta (the “City”) sold the $103.135 million Water and Wastewater Revenue Refunding Bonds, Series 2019 with Loop Capital Markets serving as bookrunning senior manager.  Proceeds of the bonds were used to refund a portion of the City’s outstanding Water and Wastewater Revenue Series 2009B bonds and pay costs of issuance.  The refunding generated almost $40 million in Present Value savings for the Department of Watershed.  Moreover, in an effort to reach a variety of buyers, the Firm structured a deal that included various types of coupons which included 3%, 4% and 5%.  This not only increased the amount of investors involved, but also generated greater savings for the City. The bonds are rated Aa2 (Stable) and AA- (Stable) by Moody’s and S&P, respectively.