Loop Capital Markets served as Sole Manager for the East Aurora School District’s $11.685 million General Obligation Lease Obligations (Alternate Revenue Source), Series 2020C transaction

On June 11, 2020, School District 131 Kane County, Illinois (East Aurora) (the “District”) sold its $11.685 million General Obligation Lease Obligations (Alternate Revenue Source), Series 2020C (the “Obligations”). This third tranche was a continuation of the District’s $51.795 million General Obligation School Bonds and School Refunding Bonds, Series 2020AB that the Firm priced in mid-February 2020. Proceeds of the Obligations were used to (a) pay the costs of leasing the Indian Trail property for school purposes and any alterations, repairs and equipment and (b) pay costs associated with the issuance of the Obligations. The Obligations had an underlying rating of “A1” by Moody’s and were insured by Build America Mutual Assurance Company with a rating of “AA” by S&P.