Wyoming Pipeline Authority August 26, 2003 presentation to
Introduction of Team Members
Focuses exclusively on Wyoming issuers.
Has been employed with the firm since 1984
Has served as lead banker or co-lead banker for all Wyoming financings managed by Baum during the past 10 years. This represents more than 80 municipal bond financings with a par amount in excess of $694 million.
Served as an economic development specialist with the Department of Economic Planning and Development for the State of Wyoming.
Holds a masters degree in business administration and a bachelors degree both from the University of Wyoming.
Formerly with UBS/PaineWebber, he served as a finance advisor for two years before working with the corporate cash group on the institutional fixed income sales desk.
Currently holds Series 7, Series 63 and Series 65 certifications from the National Association of Securities Dealers and also holds a Series 3 from the National Futures Association.
Serves as financial advisor to the Alaska Gasline Port Authority which is comprised of the North Slope Borough, Fairbanks North Star Borough and City of Valdez.
Serves as advisor to the Yukon Pacific Corporation / CSX holder of right of way permits for a natural gas pipe line that follows the existing Trans-Alaska oil pipeline route from Alaska’s North Slope to the Port of Valdez.
Since joining Baum in 2001 he has worked on a number of financing projects with the combined value of over $2 billion.
Holds a B.A. in business administration with a concentration in finance and economics from
the University of Washington.
MARY KEATING-SCOTT -- Vice President and Manager of George K. Baum & Company’s Wyoming public finance operations. GEOFF URBINA – Vice President
Has served as investment banker for $1.7 billion of general obligation bonds for the North Slope Borough, Alaska, and $2 billion of general obligation and mortgage revenue bonds for the Alaska Housing Finance Corporation.
Has served as investment banker for more than 30 years for municipal governments throughout the Pacific Northwest and Alaska.
Served as financial advisor on over $1.0 billion of City of Valdez Marine Terminal Revenue Bonds issued on behalf of British Petroleum, Conoco- Phillips and Exxon Mobil.
Advised the Alaska Legislature on natural gas line legislation. Prepared and presented financial models to the Alaska Legislature designed to analyze routing and construction of a natural gas pipeline in the state of Alaska for export of gas to domestic and foreign markets. This included presentations to Governor Murkowski, Senator Ted Stevens, Senator Lisa Murkowski, State of Alaska Legislature leadership, and potential Japanese, Korean and domestic buyers.
Holds a master’s degree in finance from the University of Washington, and his bachelor’s degree in aerospace engineering sciences from the University of Colorado.
JOHN URBINA -- Executive Vice President MARSHALL WHITE -- Partner
Mr. White’s practice encompasses a broad area of public finance including service as bond counsel, underwriters’ counsel, disclosure counsel, and special counsel.
Prior to joining Cacheaux, Cavazos & Newton, Mr. White practiced municipal, civil, and administrative law in Texas for eight years and, more recently, public finance law in Alaska and Texas. While in Alaska, Mr. White served as bond counsel to all state agencies, underwriters’ counsel on State of Alaska issues, and bond counsel, underwriters’ counsel and/or special counsel on debt issuances by many Alaska municipalities. Mr. White has served as bond counsel to the City of Valdez, Alaska on its Marine Terminal Revenue Bonds.
Mr. White graduated from the University of Texas at Austin and the University of Houston Law Center. He is a member of the State Bar of Texas, the Alaska Bar Association, and the National Association of Bond Lawyers.
Overview of George K. Baum & Co.
Negotiated underwritings (taxable and tax-exempt)
Competitive underwritings (taxable and tax-exempt)
Financial advisory services
Rating agency presentations
Service plan development
Tailored quantitative analysis
Investment of bond proceeds
George K. Baum & Company was founded in 1928 to provide a full range of investment banking services and products to investors, corporations and municipalities. Over our 75 year history, the firm has developed into one of the nation’s leading underwriters of municipal securities. Our public finance professionals provide: George K. Baum & Company maintains public finance offices in 20 U.S. cities. offices nationwide PUBLIC FINANCE Albuquerque, NM Anchorage, AK Atlanta, GA Bellevue, WA Boston, MA Cheyenne, WY Chicago, IL Dallas, TX Denver, CO Houston, TX Kansas City, MO New York, NY Palm Desert, CA Sacramento, CA Salt Lake City, UT Seattle, WA Seaside, FL Springfield, MO Wichita, KS INSTITUTIONAL SALES Boston, MA Denver, CO Kansas City, MO New York, NY Philadelphia, PA TRADING DESKS Denver, CO Kansas City, MO New York, NY
Commitment to Public Finance
Public finance has been and continues to be the primary focus of George K. Baum & Company’s operations. In fact, the majority of Baum’s revenues are generated through our municipal finance operations.
George K. Baum & Company’s strategy is to provide our municipal clients—whether large or small—with a broad array of investment banking services. Our investment banking professionals strive to provide clients with an in-depth knowledge of the industry and to create thoughtful and innovative solutions to their financing objectives.
Consistent national rankings
George K. Baum & Company served as senior or co-manager for more than 4,400 municipal bond issues totaling approximately $149 billion since 1990. The firm consistently ranks among the leading underwriters of negotiated municipal bond issues.
Recent Projects Examples of projects as senior manager or financial advisor:
$287,225,000 – Intermountain Power Agency Power Supply Revenue Bonds, Series 2003
$284,091,000 – Toll Road Revenue Bonds-Northwest Parkway Public Highway Authority, Series 2001
$398,998,000 – Illinois Sports Facilities Authority (Soldier Field Project), Series 2001
$316,255,000 – Chicago Public Building Commission, Series 1999
$203,565,000 – Denver International Airport Project, Series 2002
$348,000,000 – Denver Metropolitan Baseball Stadium District (Coors Field)
$93,500,000 – City of Valdez Marine Terminal Revenue Bonds Series 2003 A (British Petroleum)
$375,000,000 – City of Valdez Marine Terminal Revenue Bonds Series 2003 B (British Petroleum)
$128,000,000 – City of Valdez Marine Terminal Revenue Bonds Series 2003 C (British Petroleum)
$106,000,000 – City of Valdez Marine Terminal Revenue Bonds Series 2002 A (Conoco Phillips)
$79,500,000 – City of Valdez Marine Terminal Revenue Bonds Series 2002 B (Conoco Phillips)
$76,000,000 – City of Valdez Marine Terminal Revenue Bonds Series 2003 C (Conoco Phillips)
$15,920,000 – City of Valdez Marine Terminal Revenue Bonds Series 2001(Exxon Mobil)
$161,770,000 – City of Anchorage General Obligation Bonds Series 2003 A/B
Wyoming Presence Underwritten as senior or co-manager the following:
Opened Wyoming office in 1983
Strong commitment to all issuers—large and small
One of two firms with public finance offices in the State
Largest underwriter of bonds issued by Wyoming local governmental entities
In the past 10 years, Baum has underwritten 80 Wyoming bond issues with a total par value of $694 million
Instrumental in creating Wyoming School Bond Guarantee program—provides “AAA” rating for Wyoming school bond issues
$72,565,000 – Wyoming Building Corporation Revenue Bonds
$34,840,000 – Wyoming Municipal Power Agency Revenue Bonds