Loop Capital Markets Serves as Bookrunning Senior Manager for The County of Cook, Illinois’ $248,100,000 General Obligation Refunding Bonds, Series 2021B and Taxable General Obligation Refunding Bonds, Series 2021C

On November 17, 2021, Loop Capital Markets served as Senior Manager for The County of Cook, Illinois (the “County”) $190.575 million General Obligation Refunding Bonds, Series 2021B, and $57.525 million Taxable General Obligation Refunding Bonds, Series 2021C. The Bonds were rated A2 (Stable) by Moody’s, A+ (Stable) by S&P and AA- (Stable) by Fitch. Fitch upgraded the County’s rating from A+ to AA-. Bond proceeds were issued to (i) refund all of the County’s outstanding General Obligation Refunding Bonds, Series 2011A and Taxable General Obligation Refunding Bonds, Series 2011B for debt service savings and (ii) pay certain costs of issuance.

Loop Capital Markets worked with the County and its financial advisors to develop an electronic investor roadshow posted concurrently with the preliminary official statement which was viewed by 31 investors. In addition, the Firm hosted an investor luncheon attended by nine investors and scheduled three one-on-one meetings with targeted accounts. Due to the Firm’s strong pre-marketing efforts, the transaction was well oversubscribed. The Firm was able to tighten the Series 2021B Bonds by 10 to 12 basis points from pre-pricing to final pricing and the Series 2021C Bonds by five basis points from launch to coupon set. The County was able to generate $42.830 million of net present value savings or 16.0% of the refunded par amount with an All-In TIC of 1.224%.