$12,326,000 Note issued by the Township of Morris

09/26/23: The Township of Morris successfully issued a $12,326,000 Bond Anticipation Note, Series 2023
dated September 26, 2023 to Jefferies LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note. The Note bears interest at the rate of 4.75% per annum (computed on the basis of a 360-day year) payable at maturity on September 26, 2024; and has a net interest cost of 3.744%. JP Capizzi served as Bond Counsel to the Township in this financing.