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George K. Baum & Company has served as senior manager, co-senior
manager or financial advisor on 53 transportation financings over the
past five years (1998-2002) with a combined par amount exceeding $4
billion. Our transportation specialists have substantial experience
financing many types of transportation projects, including highways,
toll roads, airports, transit/light rail, bridges and parking.
The following are brief summaries of some of our more notable
transportation financings.
Missouri Department of Transportation
In October 2001, George K. Baum & Company senior managed a $200 million
State Road Bond financing for the Missouri Department of Transportation
and the Missouri Highways and Transportation Commission. We co-managed
two other financings in 2000 and 2002 totaling $453 million. All of these
bonds were issued as part of MoDOT's recently authorized $2.25 billion
bonding program.
E-470 Public Highway Authority (Colorado)
In 2000, George K. Baum & Company completed a $358 million bond refinancing
for the E-470 Public Highway Authority. We have served as co-senior manager
on all E-470 Beltway Project financings since 1986-issues totaling more than
$17 billion in senior and subordinate revenue bonds.
New Mexico Finance Authority
George K. Baum & Company served as co-senior manager for the New Mexico Finance
Authority's GARVEE financing, with responsibility for coordinating communications
among the rating agency, letter of credit banks and bond insurance agency's contact
with the Federal Highway Administration.
Kansas Department of Transportation
In November 2000, George K. Baum & Company sole managed a $100 million variable rate
bond financing for the Kansas Department of Transportation, which we currently remarket.
Since 1990, we have provided co-managing services on more than $1.4 billion of KDOT bonds.
Colorado Regional Transportation District
George K. Baum & Company has been providing underwriting services to the Colorado Regional
Transportation District since 1974. In the past five years, we have senior managed four
issues totaling $85 million and served as co-manager on another $222 million in RTD
bonds. In addition to the bond financings, our firm has provided various finance-related
services to the RTD on an ongoing basis. Early in Denver's light rail planning process, our
quantitative staff worked with RTD's finance staff to develop a clear, easily understood
format in which to present the light rail finance plan. In 1994, George K. Baum & Company was
asked to help RTD staff develop an appropriate Southwest Corridor Light Rail Proposal. Most
recently, our staff has assisted RTD in developing a program for using COPs to finance buses,
equipment and facilities that previously could only be funded on a cash or grant basis. It is
anticipated that our recommendation of a "master lease" under which COPs would be issued and
"cross-collateralized" for greater security will be used to finance a substantial piece of
RTD's 1997-2001 fleet replacement program.
Transportation Issuers Served
Key Contacts
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