Contract Rev Bonds Ser 2024 (City of Sherman Proj)
$187,280,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- January 24, 2024
- Fiscal year issued
- 2024
- Par amount
- $187,280,000
- New money / refunding
- $187,280,000 / $0
- Pledge
- Revenue
- Purpose
- Water and sewer
- Sale
- Negotiated
- Final maturity
- April 1, 2055
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service |
|---|---|---|---|
| 2025 | $187,280,000 | $169,421,719 | $356,701,719 |
| 2024 | $187,280,000 | $180,049,793 | $367,329,793 |
Costs of issuance
Download CSVOne-time costs reported: $1,949,097, or $10.41 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $9,500.00 | $0.05 |
| Bond counsel | Norton Rose Fulbright US LLP | One time | $136,890.00 | $0.73 |
| Bond insurance | Build America Mutual (BAM) Assurance Co | One time | $330,596.81 | $1.77 |
| Contingency | Not reported | One time | $2,500.00 | $0.01 |
| Financial advisor | Specialized Public Finance Inc | One time | $15,000.00 | $0.08 |
| Financial advisor | Specialized Public Finance Inc | One time | $133.25 | $0.00 |
| Financial advisor | Specialized Public Finance Inc | One time | $276,850.00 | $1.48 |
| Underwriter's spread: management fee | Not reported | One time | $74,912.00 | $0.40 |
| Paying agent and registrar | BOKF NA | Annual | $600.00 | $0.00 |
| Paying agent and registrar | BOKF NA | One time | $600.00 | $0.00 |
| Printing | Ipreo LLC | One time | $1,200.00 | $0.01 |
| Printing | Island Printing | One time | $650.00 | $0.00 |
| Printing | Specialized Public Finance Inc | One time | $5,000.00 | $0.03 |
| Rating agency | S&P | One time | $70,650.00 | $0.38 |
| Underwriter's spread: expenses | Not reported | One time | $42,699.64 | $0.23 |
| Underwriter's spread: takedown | Not reported | One time | $925,731.25 | $4.94 |
| Underwriter's counsel (paid by the underwriter) | Orrick Herrington & Sutcliffe LLP | One time | $56,184.00 | $0.30 |
Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 3, 2026.
Texas fiscal years run September 1 to August 31.
Figures are as reported to the agency and have not been independently verified.