Placentia Seal/Logo Color

The City of Placentia has refinanced the City’s significantly higher cost unfunded pension obligations, with the successful issuance of Lease Revenue Bonds by using an innovative security structure whereby the City was able to capture the value contained in its real estate assets.

This resulted in lower rate lease revenue bond proceeds, which were used to refinance the City’s much higher unfunded pension costs.

CITY OF PLACENTIA / 
PLACENTIA PUBLIC FINANCING AUTHORITY

$52,950,000

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Lease Revenue Bonds
Series 2020A
(Federally Taxable)

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Kosmont Transactions Services, Inc. served as
Municipal Advisor to the City and the Authority
Contact the KTS Team
Larry J. Kosmont, CRE
President
(213) 507-9000
Dan Massiello
Sr. Vice President & CCO
(858) 220-3445
Felicia Williams
Senior Advisor
(626) 427-2678