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Trustees increase commercial paper capacity to $500M; authorize RFP for tax-exempt bank note program
2335503 · February 11, 2025
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Summary
Following a presentation by PFM, trustees approved raising the trust’s commercial paper capacity from $350 million to $500 million and authorized staff to issue an RFP for a tax-exempt bank note program to support the trust’s multi-year capital plan.
The Oklahoma City Water Utilities Trust on Feb. 11 voted to increase commercial paper capacity from $350 million to $500 million and authorized staff to issue a request for proposals for a tax-exempt bank note program.
Dennis Whaley of PFM, the trust’s financial adviser, presented both items. Whaley said the two…
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