Bond Offering

This information is preliminary and subject to change. Refer to the attached Term Sheet and Bid Form for more information.*

Please reply to Bidding Agent, Peter Lamar at peter.lamar@fhnfinancial.com with your proposal.

Bids Due: Tuesday, March 8, 2022 at 9:00AM Central time.

Bidding Agent: FHN Financial Capital Markets

Bank Loan Status: The Notes are being offered to commercial banks for their own loan portfolios as evidence of a privately negotiated bank loan and not with a present view toward resale or distribution. The Notes will (i) not be registered under the 1933 Act and will not be registered or otherwise qualified for sale under the “Blue Sky” laws and regulations of any state, (ii) not be listed on any stock or other
securities exchange, (iii) not carry a rating from any credit rating agency, and (iv) not be DTC eligible. The winning Purchaser will be required to execute a Purchase and Investment Letter making such representations.

Basis for Award: The Notes will be awarded to the prospective purchaser proposing the terms most advantageous to the City. The City has the right to determine which proposal contains terms most advantageous to it, and may reject all proposals if it determines the terms of no one bid are satisfactory.

Award Date: Scheduled for Tuesday, March 8, 2022. The City reserves the right to reject any or all proposals and to waive any irregularities.