The San Francisco Airport Commission refunds $110 million in fixed-rate revenue bonds with new variable-rate bonds to lower its overall interest cost.  •  The San Dieguito Union High School District responds to the turbulent auction-rate market by converting $90 million in ARS bonds to fixed-rate securities.  •  De La Rosa & Co. generates $41 million of retail orders to reduce yields and save the L.A. County Metropolitan Transportation Authority significant interest costs on a $25-million Sales Tax Revenue Bond issue.  •  The L.A. Community Redevelopment Agency obtains a strong investment-grade rating on a $12.5-million Taxable Tax-Allocation Bond issue for the Westlake Recovery Project.  •  Despite a tough market, Beverly Hills successfully refunds $31 million in water revenue bonds and $17 million in wastewater revenue bonds for economic savings.  •  The Gridley Redevelopment Agency clears various hurdles caused by tightening credit in the municipal market to successfully execute its first tax-allocation bond financing.  •  Riverside issues unenhanced Bond Anticipation Notes to mute the effects of the collapse of auction-rate securities and prudently control interest costs.  •  The Sacramento Regional County Sanitation District restructures $50 million in auction rate securities with better performing, direct pay variable-rate bonds backed by letters of credit.  • 
 

Palmdale Seizes Control of Energy Destiny

In 2007, De La Rosa & Co. served as sole Senior Manager on the City of Palmdale’s federally taxable Certificates of Participation (COPs) to acquire about 600 acres for a 550-megawatt power plant and other uses. Palmdale was committed to providing some or all of its electricity to attract and retain businesses. When this parcel became available, civic leaders set out to buy it for $18 million. De La Rosa secured a strong rating, pre-marketed broadly to investors, and tailored specific and aggressive call features for flexibility.

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Each of our practices is characterized by our clients’ distinct business objectives and project mixes. De La Rosa & Co. adapts to meet their shared investment-banking needs.

Investment Banking

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Project Development
Obtain Funding Sources
Determine the Financing
Designing the Best Structure
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Taxable Fixed-Income Sales & Trading
Employment of Underwriting Capital
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Taxable Securities
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