FINANCIAL_SERVICESAPPROVED

ISU Laboratory Schools Awards Financial Services Contract to Cabrera Capital Markets Llc (July 2026)

The Board of Trustees authorized Cabrera Capital Markets, LLC to serve as an underwriter for Illinois State University’s Series 2026A Certificates of Participation financing up to $68.5 million in capital improvements. The debt will support STEM, greenhouse, science annex, and GE Road campus renovations with a final maturity no later than April 1, 2057.

Status
APPROVED
Document date
July 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cabrera Capital Markets Llc
Agency
ISU Laboratory Schools · IL

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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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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%
Contract type
FINANCIAL_SERVICES
Contract term
Final maturity of Certificates no later than April 1, 2057 (maximum 30-year term for installment payments)
Renewal date
2057-04-01
Renewal
Single bond underwriting engagement tied to the issuance of Series 2026A Certificates; no renewal terms specified.
Document type
Resolution
Source document
Illinois State University Resolution Authorization to Issue Certificates of Participation Series 2026A 2026-07-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by ISU Laboratory Schools?

Cabrera Capital Markets Llc was awarded this financial services contract by ISU Laboratory Schools, as recorded on July 24, 2026. The contract value is Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%.

How much is the Cabrera Capital Markets Llc contract with ISU Laboratory Schools worth?

The Cabrera Capital Markets Llc contract with ISU Laboratory Schools is valued at Not to exceed $68,500,000 aggregate principal amount of 2026A Certificates; sale price not less than 97% of par; true interest cost not to exceed 6.50%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Illinois State University Resolution Authorization to Issue Certificates of Participation Series 2026A 2026-07-24 (Resolution), dated July 24, 2026 from ISU Laboratory Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cabrera Capital Markets Llc hold?

Cabrera 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.

View Cabrera Capital Markets Llc's profile

What is ISU Laboratory Schools currently buying?

Explore ISU Laboratory Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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