District refinances bonds with SAMCO Capital
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Description
Lovejoy ISD worked with SAMCO Capital to refinance $18.8 million in callable bonds, securing significantly lower interest rates and generating over $2.6 million in total debt service savings. The Board had authorized the refunding in November, and the transaction was executed and closed in December 2025.
Contract Details
Contract Amount
$18,755,000 (refinanced principal); $2,620,898 in total debt service savings
Vendor
SAMCO CAPITAL
Agency
Lovejoy Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Renewal Info
Bond refunding engagement authorized by the Board at the November 2025 Regular Meeting and executed December 2025; no explicit renewal terms stated.
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Texas Woman’s University and Lovejoy Independent School District Memorandum of Understanding 2026-06-09
School District Training Requirements Exhibit A 2026-06-09
School District Training Requirements Exhibit A 2026-06-09
School District Training Requirements Exhibit A 2026-06-09
Lovejoy ISD Board of Trustees Staff Report May 2026
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