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Stradling

$335 Million Revenue Bonds Offering

Served as Underwriter’s Counsel to Goldman Sachs & Co and De La Rosa in structuring the inaugural credit for Bay Area Water Supply and Conservation Agency (BAWSCA) on behalf of its 26 members who purchase wholesale water from the San Francisco Public Utilities Commission (SFPUC).

The bonds refinanced the members’ share of the capital costs of the Hetch Hetchy Regional Water System, resulting in over $60 million in net present value savings to BAWSCA members and increase capital and operating reserves for SFPUC.