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RAMIRL4
<br />Mh $106,335,000, City of Monterey Park, Taxable Pension Obligation Bonds, Series 2021
<br />Ramirez & Co. Role: Senior Manager
<br />+ Relevance LLo Santa Alan: Harmie_> N1 r o. .0Intl odw('d A/lo terey Push (wlwrul Furrd
<br />ratinq to ;&P simifor to thr piocc"!, that the City of �arrto AHO will Pr-<puire, l h,- (ify's cf orronuc
<br />WO dcrin'>yruphrr pi o(ilc 7, vary ,Imdai to [he (, o y of 'Ilaora Arta rmd our ream helped chero achwve
<br />nr bettcr r rcda rulurq than miiu.ip riwd.
<br />+ Ramirez & Co. introduced the City's general fund credit to S&P for the first time (no prior general
<br />fund rating). Our banking team successfully arli(Ulaled the CiLy's regional importance and
<br />pending economic development, achieving an 'AA' rating despite below average wealth levels.
<br />+ Ramirez & Co. achieved lower rates than all prior POBs, includingthose with higher credit ratings.
<br />$17,590,000, City of Coachella, Taxable Pension Obligation Bonds, Series 2020
<br />Ramirez & Co. Role: Senior Manager
<br />• {ele vornee• LLo .=aniLLa Aria: Rumire.z & rra, gilded lhrr Oty through thf, rrituiq pro('e", in ffic it¢iddie
<br />of the r OVID 14 3huidowrr rrr-sprte he411A' Ovr,r rope wealth tvi/vA ran'! fullinq wvvriues our teonr
<br />11,11r:resrfu(Oy ochiorror9 hotter lPnr'rrn expi>rhod ratinq wr felts.
<br />• Ramirez & Co. successfullyguided the City to secure a'AA ' (stable) rating, despite falling revenues
<br />from COVID-19, and helped develop a bond structure that maximized cash flow savings.
<br />On the pricing day, our aggressive marketing helped secure the lowest spreads of any'AA2 rated
<br />California POB in the history of the Muni bond market.
<br />$121,865,000, City of Hawthorne, 2019 Taxable Pension Obligation Bonds
<br />Ramirez & Co. Role: Sole Manager
<br />+ MB�i.p;vfPuvy� fro I.E.Paroffn Ana _;, trrrf.yc"t Cohlorrnia POIt of 201_a of rt tonic, wplc(l jiyiro io'ivNYno`,: hrrr,!
<br />apjwovrrt P0fI medic; and lire produn l WON very r hrdlengh)y to sell.
<br />Ramirez & Co. sole managed the largest financing in the history of the City.
<br />+ POBS funded 100% of the City's outstanding CalPERS UAL and were structured with 30-year level
<br />debt service to provide Tong -term pension cost management.
<br />Aggressive marketing efforts maximized investor demand and secured orders from buyers that
<br />had never purchased California PORs priorto the sale (Wells Capital Management, among others).
<br />$54,085,000, City of Baldwin Park, 2019 Taxable Pension Obligation Bonds
<br />Ramirez & Co. Role: Sole Manager
<br />+ IldgX uo,,, !!np 1f.Q...$. nl� Auu,, ,; Rwrwcv Fr Of.', andity (',) gen.vnPl r= ;truly &'avI010 and i_rPttrer khan
<br />,rxriert'vl p rk incl io O ehoth� nyiml mmkot errvirorrnrcnt.
<br />With a very aggressive pricing scale, we generated $73.4 million in orders (1.4x oversubscribed).
<br />+ The transaction was priced in a very challenging market and was successful due to a focused
<br />marketing effort and Ramirez & Co.'s willingness to underwrite unsold bonds.
<br />$16,310,000, City of Brawley, Taxable Pension Obligation Bond, Series 2017
<br />Ramirez & Co. Role: Sole Manager
<br />IFtelevaaance liar Santa Ana_GridCrWf' that ROMirer & CO. wo5 OPC 14 MC first uwdr-'writers of P(-HP).
<br />POBs refinanced the City's exiSking CalPERS obligakion and Shortened khe overall final maturity
<br />frnm ➢S years to 15 yrars. Onr of thr first California PORs to he stnirturod with a 10-year par call.
<br />City Council 23 — 271 5/18/2021
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