Board of Water and Power Commissioners Minutes 2026-03-10
Loop Capital Named Underwriter for LADWP Bonds
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Description
The Board included Loop Capital Markets LLC in the underwriting syndicate for LADWP’s 2026 Series A Power System Revenue Bonds, authorizing the Contract of Purchase within specified pricing parameters.
Contract Details
Contract Amount
Underwriters’ discount not to exceed 1% of aggregate principal; original issue discount, if any, not to exceed 10%
Vendor
LOOP CAPITAL MARKETS LLC
Agency
City of Los Angeles - DWP, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
Single bond issuance for 2026 Series A Power System Revenue Bonds
Renewal Info
Single underwriting engagement limited to the 2026 Series A issuance.
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