$2.5 Billion Airport System Subordinate Revenue Bonds, Series 2018A (AMT) and 2018B (Non-AMT)

Estrada Hinojosa Served as Co-Managing Underwriter for the Bond Buyer’s “2018 Deal of the Year”

• Largest AMT transaction and largest airport transaction ever issued
  • Rated A2 / A / A+ by Moody’s, S&P and Fitch
  • Serials bonds through 2038 and term bonds in 2043 and 2048
  • Mix of coupons from 3.25% through 5.25% to meet investor demand
    • The bonds were issued to:
      • Finance portions of the 2018-22 capital plan including the Great Hall
      • Refund certain outstanding bonds
      • Fund reserve and capitalized interest deposits

• Great Hall Project – Redevelopment of Jeppesen Terminal
  • Consolidate underutilized space
  • Relocate security areas
  • Update shopping and dinning
  • P3 project with Ferrovial, Saunders Construction, and JLC

• Estrada Hinojosa has a long history of serving Denver since 1996
  • 18 transactions as underwriter for $5.8 billion in par value
  • 40 transactions as co-financial advisor for $4.1 billion