Loop Capital Markets served as senior manager for the Parish of East Baton Rouge Capital Improvements District, Louisiana’s $129.950 million MovEBR Sales Tax Revenue Bonds, Series 2019 transaction

On November 13, 2019, Loop Capital Markets served as senior manager for the $129.950 million of Sales Tax Revenue Bonds, Series 2019, rated Aa3/AA+/AA by Moody’s, S&P and Fitch. The transaction had serial maturities from 2020 through 2039 and term bonds in 2044 and 2048. Proceeds of the bonds were used to: (i) construct or improve roads, including drainage projects and traffic synchronization, within the cities of Baton Rouge, Baker, Central and Zachary and the Parish, (ii) improve existing corridors to increase mobility, including signal synchronization and sidewalks, and (iii) construct community enhancement projects, including drainage, lights and sidewalks, within the cities of Baton Rouge, Baker, Central and Zachary and the Parish (B) improve the Advance Traffic Management Center, such improvements prioritized (i) within the Parish and the City of Baton Rouge as described in the MovEBR Plan dated August 8, 2018, and (ii) within the cities of Baker, Zachary and Central, as determined by the applicable governing authority, and (C) paying the costs of issuance of the Bonds. Approximately 45 investors participated in the inaugural transaction. Buyers primarily consisted of real money accounts. Additional buyers included SMAs followed by Bank Trust/Money Managers.