Bridgman Public School District Resolution 2026 School Building and Site Bonds Series I 2026-06-22
District Ratifies Bond Sale to Stifel Underwriter
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Description
Bridgman Public School District ratified a Bond Purchase Agreement with Stifel, Nicolaus & Company, Incorporated to underwrite and purchase $12,985,000 in 2026 School Building and Site Bonds, Series I at a total purchase price of $13,859,965.25. The bonds are dated June 30, 2026 and mature between 2028 and 2050 to finance school capital projects.
Contract Details
Contract Amount
$13,859,965.25 (par value $12,985,000 plus original issue premium $926,905.25, less underwriter’s discount $51,940.00)
Vendor
STIFEL, NICOLAUS & COMPANY INCORPORATED
Agency
Bridgman Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
Bonds dated June 30, 2026, maturing May 1, 2028 through 2046 and 2050
Renewal Date
2050-05-01
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