Specifications include, but are not limited to: 1. Underwriting Services The underwriting team will be expected to work with SAWS’ finance team on certain aspects of the financial structuring, credit structure and documentation development. The firm(s) selected as bookrunning senior manager(s) will be expected to fulfill the following duties: Attend and participate in meetings/calls related to the financing. Assist in structuring the financing including bond security features and potential alternative structures. Provide ongoing information to SAWS’ finance team regarding the activity and status of the financing. Assist in the preparation of presentations and documentation relating to the financing as appropriate. Structure, schedule, and lead the marketing of the bonds. Supervise the closing of the transaction(s) and the transfer of funds. Present a timely, post-sale analysis to record market conditions, investor allocation of bonds, orders and allocation of bonds among the underwriting team, rates received by comparable issues at the time of sale, and other necessary information as required by SAWS. Direct underwriter’s counsel on matters in order to work with SAWS, financial advisors, bond counsel, and others necessary to comply with state, federal, and local requirements, associated with various documents developed as part of any financing. Provide continuing and on-going secondary market support of SAWS and its financial matters after the closing of any transactions. Firm(s) selected as Co-Managing Underwriter will be expected to fulfill the following duties: Assist the senior managing underwriter in providing the primary and secondary market support in the form of market orders based on the priority of orders for SAWS debt transactions. Assist the senior managing underwriter in providing the analyses of market conditions and advise SAWS with regard to market timing and development of a marketing plan for the bonds. Assist with the marketing, sale and distribution of SAWS bonds. Attend any working group or other related meetings as requested. 2. Remarketing Agent Services The remarketing agent will be expected to work with SAWS’ finance team on certain aspects of the financial structuring, credit structure and document development. The firm selected as remarketing agent will be expected to fulfill the following duties: Attend and participate in meetings/calls related to the financing. Provide support services for the completion of the financing. Provide ongoing information to SAWS’ finance team regarding the activity and status of the financing. Structure, schedule, and lead the marketing of the bonds. Sell the bonds in accordance with interest rate mode selected. Periodically reset interest rates in accordance with the interest mode selected and the terms of the remarketing agreement.
