FINANCIAL_SERVICESAPPROVED

Philadelphia City SD Awards Financial Services Contract to Morgan Stanley & Co Llc (July 2026)

The School District of Philadelphia approved a negotiated public sale of up to $600 million in Series B 2026-2027 Tax and Revenue Anticipation Notes to Morgan Stanley & Co. LLC as underwriter. The notes will finance fiscal 2027 cash flow needs and refund earlier Series A notes at rates capped at 6%.

Status
APPROVED
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Morgan Stanley & Co Llc
Agency
Philadelphia City SD · PA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Net purchase price between 90.0% and 125.0% of aggregate principal amount of Notes (maximum principal $600,000,000), plus accrued interest; good faith deposit at least 1% of aggregate principal
Contract type
FINANCIAL_SERVICES
Contract term
Notes dated on or after issuance following Series A (around fall 2026) and maturing June 30, 2027
Renewal date
2027-06-30
Renewal
Single-year TRANs underwriting engagement for Series B; no renewal provisions, though the Board may issue additional TRANs under separate resolutions.
Document type
AgendaPacket
Source document
The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Philadelphia City SD?

Morgan Stanley & Co Llc was awarded this financial services contract by Philadelphia City SD, as recorded on July 23, 2026. The contract value is Net purchase price between 90.0% and 125.0% of aggregate principal amount of Notes (maximum principal $600,000,000), plus accrued interest; good faith deposit at least 1% of aggregate principal.

How much is the Morgan Stanley & Co Llc contract with Philadelphia City SD worth?

The Morgan Stanley & Co Llc contract with Philadelphia City SD is valued at Net purchase price between 90.0% and 125.0% of aggregate principal amount of Notes (maximum principal $600,000,000), plus accrued interest; good faith deposit at least 1% of aggregate principal, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in The School District of Philadelphia AgendaPacket Public Meeting 2026-07-23 (AgendaPacket), dated July 23, 2026 from Philadelphia City SD. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Morgan Stanley & Co Llc hold?

Morgan Stanley & Co 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.

View Morgan Stanley & Co Llc's profile

What is Philadelphia City SD currently buying?

Explore Philadelphia City SD's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Philadelphia City SD's profile

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