FINANCIAL_SERVICESAPPROVED

Philadelphia AVTS Awards Financial Services Contract to Morgan Stanley & Co Llc (July 2026)

The School District of Philadelphia authorized a negotiated public sale of up to $600 million in Series B 2026-2027 Tax and Revenue Anticipation Notes to Morgan Stanley & Co. LLC as senior underwriter. The transaction will fund cash flow needs and refund the Series A notes, with a maximum interest rate of 6% and maturity on June 30, 2027.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Morgan Stanley & Co Llc
Agency
Philadelphia AVTS · PA

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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

Scope & details

The full contract record, as filed.

Contract amount
Maximum principal amount $600,000,000; Purchase Price between 90.0% and 125.0% of aggregate principal amount plus accrued interest
Contract type
FINANCIAL_SERVICES
Contract term
Notes dated date of issuance in FY 2027 and maturing June 30, 2027
Renewal date
2027-06-30
Renewal
Single-year note underwriting for FY 2027; any future TRANs would require separate authorization.
Document type
AgendaPacket
Source document
The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Philadelphia AVTS?

Morgan Stanley & Co Llc was awarded this financial services contract by Philadelphia AVTS, as recorded on July 23, 2026. The contract value is Maximum principal amount $600,000,000; Purchase Price between 90.0% and 125.0% of aggregate principal amount plus accrued interest.

How much is the Morgan Stanley & Co Llc contract with Philadelphia AVTS worth?

The Morgan Stanley & Co Llc contract with Philadelphia AVTS is valued at Maximum principal amount $600,000,000; Purchase Price between 90.0% and 125.0% of aggregate principal amount plus accrued interest, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23 (AgendaPacket), dated July 23, 2026 from Philadelphia AVTS. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Morgan Stanley & Co Llc hold?

Morgan Stanley & Co 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 Morgan Stanley & Co Llc's profile

What is Philadelphia AVTS currently buying?

Explore Philadelphia AVTS's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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