$55,225,000 Note issued by the Township of Parsippany-Troy Hills

The Township of Parsippany-Troy Hills successfully issued a $55,225,000 Bond Anticipation Note, Series 2026 consisting of a $4,100,000 Bond Anticipation Note (General Capital); $30,725,000 Bond Anticipation Note (Water Utility); $18,600,000 Bond Anticipation Note (Sewer Utility); and $1,800,000 Bond Anticipation Note (Golf Utility) dated October 26, 2026 to J.P. Morgan Securities 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 October 26, 2027; and has a net interest cost of 3.364%.  JP Capizzi served as Bond Counsel to the Township in this financing.