CalSTRS Finances New Headquarters with Green Bonds

Represented CalSTRS in its issuance of $281 million worth of the bonds to finance the expansion of its West Sacramento headquarters. Our client wanted to pay for a $300 million office tower on the Sacramento River with green bonds, a type of investment used to finance projects that meet environmental sustainability standards.  CalSTRS is adding a 10-story wer next to its 17-story headquarters on Fourth Street in Sacramento.