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FINANCIAL_SERVICESAPPROVED

County Sanitation District No. 34 Board of Directors Agenda Packet 2026-06-24

District Approves Underwriting Agreement With Jefferies LLC

Los Angeles County Sanitation DistrictsJEFFERIES LLCJune 24, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Description

County Sanitation District No. 34 approved a Bond Purchase Agreement with Jefferies LLC as representative underwriter for the 2026 Joint Outfall System revenue bonds. The agreement authorizes Jefferies to purchase bonds of up to $510 million in aggregate principal, with specified limits on underwriters’ discount, interest cost, and final maturity.

Contract Details

Vendor

JEFFERIES LLC

Agency

Los Angeles County Sanitation Districts, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 24, 2026

Contract Term

Bonds to mature no later than October 1, 2057

Renewal Date

2057-10-01

Renewal Info

Single bond underwriting engagement for the 2026 Series A issuance; no renewals specified. Bonds must have final maturity no later than October 1, 2057 and true interest cost not exceeding 5.25%.

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