Transaction Details

City of Athens

Municipal

Lead Bookrunner

On November 19, 2025, Baird served as sole managing underwriter for the City of Athens’ (the City) $4,500,000 Swimming Pool Facility Refunding Bonds, Series 2025 (the Bonds). The Bonds, rated Aa2 by Moody’s Investors Service, were structured with maturities from 2026 through 2035.

Proceeds were used to refund the City’s outstanding 2016 Swimming Pool Facility Bonds, which originally financed the construction and equipping of the City’s swimming pool facility, and to cover issuance costs.

The offering attracted strong investor demand for shorter maturities, allowing the City to achieve lower borrowing costs in 2026–2028. To ensure a successful sale, Baird purchased approximately $1.3 million of the longer-term bonds, demonstrating our commitment to the City and to a smooth market execution.

This transaction highlights Baird’s ability to deliver efficient execution, responsive market support, and long-term partnership for our municipal clients.