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SUMMARY

$995,620,000 Water and Sewer System Revenue Bonds, Series 2025A & Refunding Revenue Bonds, Series 2025B

PRICING DATE: Thursday, November 13, 2025

RATING: AA-/Aa3/AA/AA

(Fitch, Moody’s, S&P, KBRA)

CALL FEATURE: 10/01/2035 @ 100.00

SENIOR MANAGER: Wells Fargo Securities

CO-SENIOR MANAGERS: Estrada Hinojosa & Loop Capital Markets

CO-MANAGERS: Barclays, FHN Financial Capital Markets, Jefferies & Stern Brothers & Co.  

FINANCIAL ADVISOR: Public Resources Advisory Group

PRIORITY POLICY:
1) Florida Individual Retail

2) National Individual Retail

3) Net Designated

4) Member

Securities services offered through TRB Capital Markets LLC, member FINRA/SIPC.

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