Los Angeles Port Issues $35.2 mln in 'Green' Bonds
The Port of Angeles has expanded its commitment to sustainability by issuing $35.2 million in green bonds as part of a larger debt refinancing successfully completed this week. The move marks the first time a U.S. port has entered the growing sustainability bond market where investors support projects and companies making positive social and environmental change. “Running a competitive and environmentally responsible port permeates every facet of our operations,’’ said Marla Bleavins, the Port’s Deputy Executive Director and Chief Financial Officer. The green bonds are part of an overall $201.6 million bond issue that will net the Port a record present value savings of $32.5 million, an average of $1.9 million annually through 2040.
Bleavins Named CFO at Port of LA
The Port of Los Angeles has appointed Marla Bleavins as its Chief Financial Officer. Bleavins will oversee the port’s financial affairs, which include accounting, financial management, debt and treasury, risk management and audit functions. She will manage approximately 60 employees and report to Molly Campbell, Deputy Executive Director of Finance and Administration. Bleavins replaces Karl Pan, who retired last week after 11 years with the City of Los Angeles, including the last six years at the port.
