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FINANCIAL_SERVICESAPPROVED

Lovejoy ISD Board Meeting Agenda January 2026

District refinances bonds with SAMCO Capital

$18,755,000 (refinanced principal); $2,620,898 in total debt service savingsLovejoy IsdSAMCO CAPITALJanuary 20, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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