PROPOSED DEBT CALENDAR

Transcription

1 PROPOSED DEBT CALENDAR Below is a debt calendar indicating potential financings over the next 12 months. All information is subject to change without notice. Sale Date Issuer Type of Obligation Amount March 2018 Los Angeles Department of Water and Power System Revenue $ 415,700,000 Power March 2018 Los Angeles County Metropolitan Refunding of Proposition A 18,000,000 Transportation Authority March 2018 Los Angeles County Metropolitan Refunding of Proposition C 56,000,000 Transportation Authority March 2018 Los Angeles World Airports Series 2018B Refunding 230,500,000 Revenue May 2018 City of Los Angeles Solid Waste Resources 87,000,000 Revenue June 2018 City of Los Angeles General Obligation 100,000,000 June 2018 City of Los Angeles Tax and Revenue Anticipation 1,400,000,000 Notes June 2018 Los Angeles World Airports Series 2018C Revenue 450,000,000 July 2018 County of Los Angeles Vermont Corridor Project 300,000,000 September 2018 Los Angeles World Airports Series 2018D Revenue 450,000,000 November 2018 County of Los Angeles Vermont Manchester 70,000,000 Refunding December 2018 Los Angeles World Airports Series 2018E Revenue 450,000,000 Winter 2018 Los Angeles Community College General Obligation 300,000,000 District Total: $ 4,327,200,000 1

2 DEBT PORTFOLIO City of Los Angeles has a $7.03 billion debt portfolio as of January 1, 2018: General Obligation $ 700,210,000 Judgment Obligation 22,545,000 MICLA Lease Revenue /Other Lease Obligations 1,529,470,933 Wastewater System Revenue 1,050,760,000 Wastewater System Subordinate Revenue 1,629,370,000 Wastewater System State Revolving Fund Loans 95,238,000 Solid Waste Resources Revenue 178,720,000 Mello-Roos 82,105,000 Tax and Revenue Anticipation Notes 1,449,055,000 MICLA Lease Revenue Commercial Paper Notes (Size: $395 million) 282,200,000 MICLA Convention Center Commercial Paper Notes (Size: $110 million) 9,000,000 Wastewater System Commercial Paper Notes (Size: $200 million) -- Total Debt Outstanding $ 7,028,673,933 County of Los Angeles has a $1.83 billion debt portfolio as of January 1, 2018: Series Disney Parking Project Certificates of Participation $ 9,042,099 Series 2005A - Regional Park and Open Space District Revenue 17,900,000 Series Vermont Manchester Social Services Project Lease Revenue 80,185,000 Series 2007A - Regional Park and Open Space District Revenue 8,675,000 Series 2010A - Multiple Capital Projects I Lease Revenue 37,650,000 Series 2010B - Multiple Capital Projects I Lease Revenue 688,005,000 Series Disney Concert Hall Parking Garage Certificates of Participation 50,675,000 Series Multiple Capital Projects II Lease Revenue 320,350,000 Series 2014A - LAC-CAL Equipment Program Lease Revenue 4,275,000 Series 2015A - Multiple Capital Projects Lease Revenue 150,760,000 Series 2015B - Calabasas Landfill Project & 2005 Master Project Lease Revenue 107,240,000 Series 2015C Master Refunding Project Lease Revenue 68,010,000 Series 2016D - MLK Hospital Lease Revenue 255,855,000 Series 2017A - LAC-CAL Equipment Program Lease Revenue 28,960,000 Total Debt Outstanding $ 1,827,582,099 2

3 Los Angeles County Metropolitan Transportation Authority has a $6.06 billion debt portfolio as of January 1, 2018: Long-term Debt Proposition A Senior $ 1,285,870,000 Proposition A 2nd Tier -- Proposition C 1,434,255,000 Measure R 1,145,995,000 Measure R TIFIA Loans (Loan Amounts Secured) 1,868,900,000 General Revenue 97,610,000 Total Long-term $ 5,832,630,000 Short-term Debt Proposition A Commercial Paper 107,500,000 Proposition A Commercial Paper (Long) -- Proposition C Commercial Paper 5,309,000 Proposition C Commercial Paper (Long) -- Proposition C Revolving Credit 45,000,000 Measure R Short-term Obligations 65,422,743 Total Short-Term $ 223,231,743 Total Debt Outstanding $ 6,055,861,743 Los Angeles Department of Water & Power has a $14.31 billion debt portfolio as of January 1, 2018: Power System Fixed Rate Debt $ 7,759,796,073 Variable Rate Debt and Commercial Paper 1,313,900,000 Total Power System Debt 9,073,696,073 Water System Fixed Rate Debt 4,760,618,379 Variable Rate Debt and Notes 475,000,000 Total Water System Debt 5,235,618,379 Total Debt Outstanding $ 14,309,314,452 3

4 Los Angeles World Airports has a $5.41 billion debt portfolio as of January 1, 2018: Fixed-Rate Debt $ 5,355,435,000 Commercial Paper Notes 51,338,259 Total Debt Outstanding $ 5,406,773,259 Port of Los Angeles (Harbor Department) has an $ million debt portfolio as of January 1, 2018: Series 2009A Non-AMT 1 PABs 2 $ 70,315,000 Series 2009C Non-AMT PABs 169,310,000 Series 2011A AMT 42,175,000 Series 2011B Non-AMT 32,820,000 Series 2014A AMT 192,990,000 Series 2014B Non-AMT PABs 84,840,000 Series 2014C Non-AMT 42,545,000 Series 2015A Non-AMT 31,460,000 Series 2016A AMT 84,915,000 Series 2016B Non-AMT 67,550,000 Series 2016C Non-AMT 35,205,000 Total Debt Outstanding $ 854,125,000 1 Alternative Minimum Tax 2 Private Activity 4

5 Los Angeles Community College District has a $4.47 billion debt portfolio as of January 1, 2018: Election of 2001, 2004 Taxable Series A $ 2,115,000 Election of 2003, 2004 Taxable Series B 31,555, Election, 2008 Series E-1 7,580, Election, 2008 Series F-1 7,575, Election, 2009 Taxable Series B 75,000, Election, Series E (BABs) 900,000, Election, 2010 Taxable Series D 125,000, Election, 2013 Series F 205,000, General Obligation Refunding 42,305, Election, 2015 Series G 218,205, Refunding, Series A (Tax-Exempt) 1,446,665, Refunding, Series B (Federally Taxable) 33,270, Refunding, Series C 272,085, Election, 2016 Series I 223,910, Refunding 175,565, Election, Series J 300,000, Election, Series A-1/A-2 100,000,000 Total Debt Outstanding $ 4,165,830,000 5