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Planned 2025-A Refunding With Sumitomo LOC

Irvine Ranch Water District logoIrvine Ranch Water District
Disclosed value
$125,000,000
From agenda
Document date
Apr 6, 2026
Renews
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The 30-second brief

What it covers

Irvine Ranch Water District plans to issue $125 million in Series 2025-A Refunding variable-rate bonds supported by a Sumitomo letter of credit through July 25, 2029. The bonds will have weekly rate resets with Bank of America Merrill Lynch serving as remarketing agent.

Who holds it

SUMITOMO holds this financial services contract with Irvine Ranch Water District. Its other public contracts on record include work for Santiago Aqueduct Commission and Fayette County.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Irvine Ranch Water District contract.

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Contract details

Contract type
Financial Services
Amount
$125,000,000
Document date
April 6, 2026
Term
July 15, 2025 – May 1, 2040; LOC reimbursement agreement dated July 1, 2025 expiring July 25, 2029
Renews
Free account
Vendor
SUMITOMO
Agency
Irvine Ranch Water District
Source document
Irvine Ranch Water District Finance and Personnel Committee Meeting April 7 2026 (Agenda)

SUMITOMO's other public contracts

Santiago Aqueduct Commission, CaliforniaSumitomo LOCs Support IRWD Variable-Rate Bonds · Aug 4, 2026Irvine Ranch Water District, CaliforniaSumitomo LOC Supports 2008-A Refunding Bonds · Apr 6, 2026$34.5MIrvine Ranch Water District, CaliforniaSumitomo Selected for Series 2025-A LOC Support · Feb 3, 2026UndisclosedIrvine Ranch Water District, CaliforniaSumitomo LOC Backs Series 2008-A Refunding Bonds · Feb 3, 2026UndisclosedFayette County, KentuckySumitomo Participates in Lexington Jobs Fund Program · Sep 16, 2025UndisclosedAll SUMITOMO contractsVendor profile

More Irvine Ranch Water District contracts

PRISMIRWD renews PRISM liability and property coverage · Jul 13, 2026UndisclosedPfm Financial Advisors LLCPFM provides advisory estimates for 2026 GO bonds · Jul 13, 2026UndisclosedPRISMIRWD to Renew Participation in PRISM Insurance Programs · Jul 6, 2026UndisclosedCalifornia Public Employees’ Retirement SystemIRWD Plans Lump Sum FY 2026-27 CalPERS UAL Payment · Jul 6, 2026$9.8MIrvine Ranch Water DistrictAddendum No. 10 Approved for Master Sewer Service Agreement · Jun 22, 2026UndisclosedAll Irvine Ranch Water District activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Irvine Ranch Water District?

SUMITOMO was awarded this financial services contract by Irvine Ranch Water District, as recorded on April 6, 2026. The contract value is $125,000,000.

How much is the SUMITOMO contract with Irvine Ranch Water District worth?

The SUMITOMO contract with Irvine Ranch Water District is valued at $125,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Irvine Ranch Water District Finance and Personnel Committee Meeting April 7 2026 (Agenda), dated April 6, 2026 from Irvine Ranch Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does SUMITOMO hold?

SUMITOMO may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Irvine Ranch Water District currently buying?

Explore Irvine Ranch Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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