Loop Financial Products, a wholly owned subsidiary of Loop Capital Markets, LLC, executed its first transaction – a $121 million swaption for Shelby County, Tennessee.  Loop Financial Products identified the innovative financing structure to allow the County to capture savings on bonds that could not be refunded because of certain Federal tax law provisions.  By utilizing this creative financing alternative, the County was able to lock-in $8.5 million of PV savings (7% of refunded Par) and take advantage of today’s historically low interest rate levels.   Shelby County is rated Aa2/AA/AA.