$21,189,000 Note issued by the Township of Logan

The Township of Logan successfully issued a $23,189,000 Bond Anticipation Note, Series 2025 dated October 2, 2025 to BNY Mellon Capital Markets, LLC.  Moody’s Investors Service, Inc. assigned a credit rating of “MIG 1” to the Note.  The Note bears interest at the rate of 4.00% per annum (computed on the basis of a 360-day year) payable at maturity on October 2, 2026; and has a net interest cost of 2.4724%.  JP Capizzi served as Bond Counsel to the Township in this financing.