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Wichita Falls ISD discusses refunding 2015 bonds; potential savings estimated around $2.4 million
Summary
District staff and a financial advisor presented a plan to refinance Wichita Falls ISD’s 2015 bond series, citing potential net present value savings of roughly $2.4 million if market conditions allow.
Wichita Falls Independent School District staff and the district’s financial advisor discussed a proposed refinancing of the district’s Series 2015 unlimited tax refunding bonds and Series 2015A unlimited tax school building bonds during the special board meeting. The bonds become callable on Feb. 15, 2025; staff described a refinancing plan that would be executed after that date if market conditions are favorable.
The presentation—led by a financial advisor who identified refinancing mechanics and timelines—said the current outstanding principal balance on the 2015 series is about $47,170,000; the advisor noted that…
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