Fairhope Granicus #2179

City of Fairhope, Alabama Solicits Underwriting Services for $80M Water & Sewer Bond Issue

This opportunity involves the City of Fairhope, Alabama seeking underwriting services for its $80 million General Obligation Water and Sewer Warrants, Series 2026. - Government Buyer: - City of Fairhope, Alabama (Purchasing and Finance Departments) - Services Requested: - Underwriting services for a municipal bond issue ($80M) - Assistance with credit analysis, structuring, and support for the City's financing team (municipal advisor, bond counsel, City officials) - Respondents must be qualified to do business in Alabama and in good standing with the SEC and MSRB - Respondents may propose underwriter's counsel (subject to City approval) - Term sheets for bank loans may also be submitted - Notable Requirements: - Detailed responses required on experience, credit analysis, innovative financing structures, capital position, fee proposals, and diversity/equal opportunity provisions - Bradley Arant Boult Cummings LLP named as Bond Counsel - No specific OEMs or product vendors are named, as this is a financial services solicitation

Description

The City of Fairhope, Alabama is soliciting proposals from underwriting firms to serve as underwriter for its General Obligation Water and Sewer Warrants, Series 2026. The bond issue is intended to pay off the City's outstanding credit facility with PNC, fund capital improvements to the water and sewer systems, and cover issuance costs. The anticipated financing size is $80 million. Firms must submit proposals by September 15, 2026, and the City reserves the right to cancel or delay the sale. Selected underwriters will execute a Bond Purchase Agreement and provide customary underwriting services.

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