JPA Plans Up To $436 Million Truist Interim Loan
Padre Dam Municipal Water DistrictUtility District · Santee, CA- Disclosed value
- Not to exceed $436,000,000 principal; estimated principal amount $433,235,000; estimated total payment amount $450,612,538
- From agenda
- Document date
- Aug 20, 2026
The 30-second brief
The East County Advanced Water Purification JPA plans to approve a loan agreement with Truist Commercial Equity, Inc. for interim project financing and repayment of outstanding 2024 notes. The note would not exceed $436 million, with an estimated principal amount of $433.235 million and estimated total payments of $450.613 million.
Truist Commercial Equity Inc holds this financial services contract with Padre Dam Municipal Water District. Its other public contracts on record include work for Whitfield County and Jefferson County School District.
Term as filed: Loan Agreement dated August 1, 2026; note scheduled for execution August 31, 2026; maturity date not stated in the provided text.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $436,000,000 principal; estimated principal amount $433,235,000; estimated total payment amount $450,612,538
- Document date
- August 20, 2026
- Term
- Loan Agreement dated August 1, 2026; note scheduled for execution August 31, 2026; maturity date not stated in the provided text
- Source document
- East County Advanced Water Purification Joint Powers Authority Agenda 2026-08-20 (Agenda)
Truist Commercial Equity Inc's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Padre Dam Municipal Water District?
Truist Commercial Equity Inc was awarded this financial services contract by Padre Dam Municipal Water District, as recorded on August 20, 2026. The contract value is Not to exceed $436,000,000 principal; estimated principal amount $433,235,000; estimated total payment amount $450,612,538.
How much is the Truist Commercial Equity Inc contract with Padre Dam Municipal Water District worth?
The Truist Commercial Equity Inc contract with Padre Dam Municipal Water District is valued at Not to exceed $436,000,000 principal; estimated principal amount $433,235,000; estimated total payment amount $450,612,538, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in East County Advanced Water Purification Joint Powers Authority Agenda 2026-08-20 (Agenda), dated August 20, 2026 from Padre Dam Municipal Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Truist Commercial Equity Inc hold?
Truist Commercial Equity Inc 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 Padre Dam Municipal Water District currently buying?
Explore Padre Dam Municipal Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.