Loop Capital Markets LLC Joins GLWA Underwriting Syndicate
Great Lakes Water AuthorityUtility District · Detroit, MI- Disclosed value
- Not to exceed takedown fee per bond, e.g. $2.50–$2.55/$1,000 par; estimated fees for Series 2025: $1,871,000 takedown + $35,000 expenses = $1,906,000
- From agendapacket
- Document date
- Mar 14, 2025
- Renews
- Free account
The 30-second brief
Loop Capital Markets LLC was recommended as co-manager for GLWA's bond underwriting syndicate with a three-year engagement term and transaction-based fees.
Loop Capital Markets LLC holds this financial services contract with Great Lakes Water Authority. Its other public contracts on record include work for PA-State-Turnpike Commission and City of Maize.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed takedown fee per bond, e.g. $2.50–$2.55/$1,000 par; estimated fees for Series 2025: $1,871,000 takedown + $35,000 expenses = $1,906,000
- Document date
- March 14, 2025
- Term
- March 26, 2025 – March 25, 2028, with option to extend
- Renews
- On record
- Vendor
- Loop Capital Markets LLC
- Source document
- GLWA Audit Committee Meeting Agenda Packet March 2025 (AgendaPacket)
Loop Capital Markets LLC's other public contracts
More Great Lakes Water Authority contracts
Questions about this contract
Who was awarded the financial services contract by Great Lakes Water Authority?
Loop Capital Markets LLC was awarded this financial services contract by Great Lakes Water Authority, as recorded on March 14, 2025. The contract value is Not to exceed takedown fee per bond, e.g. $2.50–$2.55/$1,000 par; estimated fees for Series 2025: $1,871,000 takedown + $35,000 expenses = $1,906,000.
How much is the Loop Capital Markets LLC contract with Great Lakes Water Authority worth?
The Loop Capital Markets LLC contract with Great Lakes Water Authority is valued at Not to exceed takedown fee per bond, e.g. $2.50–$2.55/$1,000 par; estimated fees for Series 2025: $1,871,000 takedown + $35,000 expenses = $1,906,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in GLWA Audit Committee Meeting Agenda Packet March 2025 (AgendaPacket), dated March 14, 2025 from Great Lakes Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Loop Capital Markets LLC hold?
Loop Capital Markets LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Great Lakes Water Authority currently buying?
Explore Great Lakes Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.