$21,057,000 Note issued by the Township of Morris

The Township of Morris successfully issued a $21,057,000 Bond Anticipation Note, Series 2025 dated September 24, 2025 to TD Securities (USA) LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note.  The Note bears interest at the rate of 3.75% per annum (computed on the basis of a 360-day year) payable at maturity on September 24, 2026; and has a net interest cost of 2.5120%.  JP Capizzi served as Bond Counsel to the Township in this financing.