High school bond underwriting awarded to Mesirow Financial
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Description
The City awarded Mesirow Financial the underwriting of $150 million in 30-year bonds for the new Waltham High School at a 2.265% interest rate. The transaction generated a $6.4 million premium, reducing the effective borrowed principal to $143.6 million with roughly $7 million in annual debt service starting in FY2022.
Contract Details
Contract Amount
$150 million principal, $6.4 million premium, effective rate 2.265%
Vendor
MESIROW FINANCIAL
Agency
Waltham School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
September 17, 2025
Contract Term
30 years commencing in FY2022
Renewal Date
2052-06-30
Renewal Info
30-year bond issue with level annual payments; no renewals described.
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