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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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Item 23 - Pension Debt Refinancing Update and Underwriter Selection
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4/9/2024 4:32:45 PM
Creation date
8/21/2023 4:38:50 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
23
Date
5/18/2021
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STIFEL <br />Appendix E: Sources and Uses of Funds <br />SOURCES AND USES OF FUNDS <br />City of Santa Ana, Califomla <br />2021 Taxable Pension Obligation Bonds <br />r���rr�•rrr�����r�•rr��rr•ss�•r��rrr�a*k..**�..•w���a�x■■ire..��**�*•rr�����r**•r��rrr��r•*•�rrr��rr <br />Sizing Reflects'90%' UAL Funding Scenario <br />All Numbers are Preliminary- Based on Underlying Rating of 'AA' from S&P <br />Dated Date 10/1312021 <br />Delivery Date 10/1312021 <br />Sources: <br />Bond Proceeds: <br />Par Amount <br />Uses <br />Project Fund Deposits: <br />638,79D,000.00 <br />6 38.79 D,000.00 <br />Project Fund 636,214,694.50 <br />Delivery Date Expenses <br />Cost of Issuance 444,000.00 <br />Underwriter's Discount 1,188,149.40 <br />Bond Insurance 984,249.47 <br />2,572,397.87 <br />Other Uses of Funds: <br />Rounding 2,917.63 <br />6 38,79 D,000.00 <br />City of Santa Ana I Proposal to Provide Underwriting Services <br />Appendix E <br />
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