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FINANCIAL_SERVICESAWARDED

waltham_school_committee_regular_meeting_minutes.pdf

High school bond underwriting awarded to Mesirow Financial

$150 million principal, $6.4 million premium, effective rate 2.265%Waltham School DistrictMESIROW FINANCIALSeptember 17, 2025

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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
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IANS Research logo

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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