City of New Smyrna Beach - Utilities Commission Awards Financial Services Contract to Southeastern Investment Securities LLC (May 2026)
City of New Smyrna Beach - Utilities CommissionCity · New Smyrna Beach, FL- Disclosed value
- Up to $60 million line of credit; initial draw $45 million
- From agendapacket
- Approved
- May 26, 2026
- Term
- Planned closing May 1, 2026
The 30-second brief
New Smyrna Beach Utilities approved a Series 2026 revenue-note financing with Southeastern Investment Securities, LLC serving as municipal financial advisor. The approved line of credit is capped at $60 million, with an initial draw of $45 million and a planned May 1, 2026 closing.
Southeastern Investment Securities LLC holds this financial services contract with City of New Smyrna Beach - Utilities Commission. Its other public contracts on record include work for Florida Keys Aqueduct Authority and Tohopekaliga Water Authority.
Term as filed: Planned closing May 1, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $60 million line of credit; initial draw $45 million
- Document date
- May 26, 2026
- Term
- Planned closing May 1, 2026
- Source document
- New Smyrna Beach Utilities Agenda Packet 2026-05-26 (AgendaPacket)
Southeastern Investment Securities LLC's other public contracts
More City of New Smyrna Beach - Utilities Commission contracts
Questions about this contract
Who was awarded the financial services contract by City of New Smyrna Beach - Utilities Commission?
Southeastern Investment Securities LLC was awarded this financial services contract by City of New Smyrna Beach - Utilities Commission, as recorded on May 26, 2026. The contract value is Up to $60 million line of credit; initial draw $45 million.
How much is the Southeastern Investment Securities LLC contract with City of New Smyrna Beach - Utilities Commission worth?
The Southeastern Investment Securities LLC contract with City of New Smyrna Beach - Utilities Commission is valued at Up to $60 million line of credit; initial draw $45 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in New Smyrna Beach Utilities Agenda Packet 2026-05-26 (AgendaPacket), dated May 26, 2026 from City of New Smyrna Beach - Utilities Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Southeastern Investment Securities LLC hold?
Southeastern Investment Securities 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.
What is City of New Smyrna Beach - Utilities Commission currently buying?
Explore City of New Smyrna Beach - Utilities Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.