$23,005,000 Note issued by the Township of Morris

The Township of Morris successfully issued a $23,005,000 Bond Anticipation Note, Series 2026 dated September 23, 2026 to TD Financial Products LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note.  The Note bears interest at the rate of 4.500% per annum (computed on the basis of a 360-day year) payable at maturity on September 23, 2027; and has a net interest cost of 2.8240%.  JP Capizzi served as Bond Counsel to the Township in this financing.