$151,650,344.75 Senior Lien Toll and Vehicle Registration Fee Revenue Bonds, Series 2022A

$63,884,707.35 Junior Lien Toll and Vehicle Registration Fee Revenue and Refunding Bonds, Series 2022B

Series 2022A

On Thursday, January 10, 2022, Estrada Hinojosa participated in a $151,650,344.75 Hidalgo County Regional Mobility Authority Senior Lien Toll and Vehicle Registration Fee Revenue Bonds, Series 2022A deal as Co-Senior Underwriter. The Series 2022 Obligations, together with certain other funds, will be used to finance a portion of the costs of designing, engineering, developing and constructing Segments 1 and 2 of the 365 Toll Project. The remaining proceeds of the Series 2022 Obligations will be used to refund and redeem the Authority’s outstanding TxDOT SIB Bond, to pay capitalized interest with respect to the Series 2022A Senior Lien CIBs and the Series 2022B Junior Lien CIBs, and to make deposits to the Senior Lien Debt Service Reserve Fund and the Junior Lien Debt Service Reserve Fund to satisfy the Senior Lien Debt Service Reserve Requirement and the Junior Lien Debt Service Reserve Requirement. In conjunction with the financing team, Estrada Hinojosa was able to generate interest for the deal among its buyers which led to a sizeable order book and an attractive financing for the Authority.

Series 2022B

 On Thursday, January 10, 2022, Estrada Hinojosa participated in a $63,884,707.35 Hidalgo County Regional Mobility Authority Junior Lien Toll and Vehicle Registration Fee Revenue and Refunding Bonds, Series 2022B deal as Co-Senior Underwriter. The Series 2022 Obligations, together with certain other funds, will be used to finance a portion of the costs of designing, engineering, developing and constructing Segments 1 and 2 of the 365 Toll Project. The remaining proceeds of the Series 2022 Obligations will be used to refund and redeem the Authority’s outstanding TxDOT SIB Bond, to pay capitalized interest with respect to the Series 2022A Senior Lien CIBs and the Series 2022B Junior Lien CIBs, and to make deposits to the Senior Lien Debt Service Reserve Fund and the Junior Lien Debt Service Reserve Fund to satisfy the Senior Lien Debt Service Reserve Requirement and the Junior Lien Debt Service Reserve Requirement. In conjunction with the financing team, Estrada Hinojosa was able to generate interest for the deal among its buyers which led to a sizeable order book and an attractive financing for the Authority.

Previous transaction as Senior-Managing Underwriter

$58,015,000 Senior Lien Vehicle Registration Fee Revenue Refunding Bonds, Taxable Series 2020B

On Thursday, September 10, 2020, Estrada Hinojosa participated in a $58,015,000 Hidalgo County Regional Mobility Authority Senior Lien Vehicle Registration Fee Revenue Refunding Bonds Taxable Series 2020B deal as Senior-Managing Underwriter. Proceeds from the sale of the Authority’s bonds were used to refund certain outstanding bonds of the Authority.

During the pricing, Estrada Hinojosa and the syndicate members were able to generate interest for the deal among its customer base which led to a sizeable order book of $130,850,000 in Group Net orders or 2.25x of the total par amount. Estrada Hinojosa was able to lower the yield by one to two basis points on various maturities and reduce the true interest cost (“TIC”) to the Authority.