The City of Simpsonville, South Carolina (the “City”) is requesting proposals from financial institutions with respect to a commercial loan to be evidenced by a $3,950,000* Sewer System Revenue Refunding Bond, Series 2026 (the “Bond”). Your response to this Request for Proposals (this “RFP”) would be greatly appreciated. The following key assumptions are to be utilized in preparing your proposal:
Issuer: City of Simpsonville, South Carolina
Use of Proceeds: Proceeds of the Bond are being used to (i) currently refund all or a portion of the City’s Sewer System Revenue Bonds, Series 2016 (the “2016 Bonds”), and (ii)
finance costs of issuance related to the Bond.
Tax Treatment: Tax-Exempt.
Bank Qualified: Yes.
Rating: No rating is expected to be obtained for the Bond. However, the City’s current ratings on the 2016 Bonds are Aa3 by Moody’s and AA by S&P.
Authorization: The Bond will be issued under the authority of the Constitution and laws of the State of South Carolina, including Title 6, Chapter 21, Code of Laws of South
Carolina 1976, as amended (the “Act”), and a Bond Ordinance enacted October 11, 2016 (the “Bond Ordinance”), and a Series Ordinance expected to be enacted March 10, 2026 (the “Series Ordinance”) (the Bond Ordinance and the Series Ordinance are hereinafter referred to collectively as the “Ordinance”), by the City Council (the “City Council”), the governing body of the City.