Unl Tax School Bldg & Ref Bonds Ser 2025
$598,180,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Par amount
- $598,180,000
- Final maturity
- 8/15/2055
- New money / refunding
- New money $531,570,000Refunding $66,610,000
- Closing date
- 8/14/2025
- Purpose
- School facilities and equipment
- Sale
- Negotiated
- Pledge
- Tax supported
- Fiscal year issued
- 2025
Changes in BRB's data
No changes since this site began recording on October 6, 2026.
Source: BRB data loads; as of 10/17/2026.
Finance team
Download CSV| Role? | Firm? | Fees paid? |
|---|---|---|
| Underwriter | JP Morgan Securities LLC | $289,381 Paid by the underwriter |
| Underwriter | Mesirow Financial Holdings Inc | $289,381 Paid by the underwriter |
| Underwriter | Piper Sandler & Co | $289,381 Paid by the underwriter |
| Underwriter | Raymond James & Associates Inc | $289,381 Paid by the underwriter |
| Underwriter | RBC Capital Markets LLC | $289,381 Paid by the underwriter |
| Underwriter | Siebert Williams Shank & Co LLC | $964,603 Paid by the underwriter |
| Financial advisor | Post Oak Municipal Advisors LLC | $470,776 |
| Bond counsel | Bracewell LLP | $330,000 |
| Underwriter's counsel | Bates Law Firm PLLC | $59,818 Paid by the underwriter |
| Underwriter's counsel | Greenberg Traurig LLP | $89,727 Paid by the underwriter |
| Rating agency | Moodys | $150,000 |
| Rating agency | S&P | $137,000 |
| Paying agent, trustee and escrow | Bank of New York Mellon Trust Co | $1,250 |
From the costs of issuance reported to BRB. A firm that was not paid a reported fee is not listed.
Debt outstanding by fiscal year
Fiscal year 2025
- Principal
- Interest
| Fiscal year? | Principal? | Interest? | Total debt service? |
|---|---|---|---|
| Fiscal year2025 | Principal$598,180,000 | Interest$583,369,387 | Total debt service$1,181,549,387 |
Costs of issuance
Download CSVOne-time costs to the issuer: $1,097,776, or $1.84 per $1,000 of par.
Shown below but not added: $2,659,940 paid by the underwriter.
Annual fees: $750.
| Cost? | Paid to? | Type? | Amount? | Per $1,000? |
|---|---|---|---|---|
| CostBond counsel 1 fee | 30.1% of the issuer's costs | Subtotal $330,000 | Per $1,000$0.55 | |
| Similar issues: median $0.74 per $1,000 | ||||
| CostBond counsel | Paid toBracewell LLP | TypeOne time | Amount$330,000.00 | Per $1,000$0.55 |
| CostFinancial advisor 1 fee | 42.9% of the issuer's costs | Subtotal $470,776 | Per $1,000$0.79 | |
| Similar issues: median $0.86 per $1,000 | ||||
| CostFinancial advisor | Paid toPost Oak Municipal Advisors LLC | TypeOne time | Amount$470,776.00 | Per $1,000$0.79 |
| CostUnderwriter 7 fees | Subtotal $2,510,395 | Per $1,000Not added | ||
| CostUnderwriter's spread: expenses Counted as: Paid by the underwriter: shown, not added | Paid toNot reported | TypeOne time | Amount$98,888.27 | Per $1,000$0.17 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toJP Morgan Securities LLC | TypeOne time | Amount$289,380.75 | Per $1,000$0.48 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toMesirow Financial Holdings Inc | TypeOne time | Amount$289,380.75 | Per $1,000$0.48 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toPiper Sandler & Co | TypeOne time | Amount$289,380.75 | Per $1,000$0.48 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toRaymond James & Associates Inc | TypeOne time | Amount$289,380.75 | Per $1,000$0.48 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toRBC Capital Markets LLC | TypeOne time | Amount$289,380.75 | Per $1,000$0.48 |
| CostUnderwriter's spread: takedown Counted as: Paid by the underwriter: shown, not added | Paid toSiebert Williams Shank & Co LLC | TypeOne time | Amount$964,602.50 | Per $1,000$1.61 |
| CostUnderwriter's counsel 2 fees | Subtotal $149,545 | Per $1,000Not added | ||
| CostCo-underwriter's counsel Counted as: Paid by the underwriter: shown, not added | Paid toBates Law Firm PLLC | TypeOne time | Amount$59,818.00 | Per $1,000$0.10 |
| CostCo-underwriter's counsel Counted as: Paid by the underwriter: shown, not added | Paid toGreenberg Traurig LLP | TypeOne time | Amount$89,727.00 | Per $1,000$0.15 |
| CostRating agency 2 fees | 26.1% of the issuer's costs | Subtotal $287,000 | Per $1,000$0.48 | |
| Similar issues: median $0.55 per $1,000 | ||||
| CostRating agency | Paid toMoodys | TypeOne time | Amount$150,000.00 | Per $1,000$0.25 |
| CostRating agency | Paid toS&P | TypeOne time | Amount$137,000.00 | Per $1,000$0.23 |
| CostOther 3 fees | 0.9% of the issuer's costs | Subtotal $10,000 | Per $1,000$0.02 | |
| Similar issues: median $0.04 per $1,000 | ||||
| CostAttorney General review | Paid toNot reported | TypeOne time | Amount$9,500.00 | Per $1,000$0.02 |
| CostPaying agent and registrar Counted as: Annual fee: not added | Paid toBank of New York Mellon Trust Co | TypeAnnual | Amount$750.00 | Per $1,000Under $0.01 |
| CostRedemption fee | Paid toBank of New York Mellon Trust Co | TypeOne time | Amount$500.00 | Per $1,000Under $0.01 |
| CostTotal, 16 fees | Amount$3,758,466 | Per $1,000 | ||
| CostCosts to the issuer | Amount$1,097,776 | Per $1,000$1.84 | ||
Bond counsel 1 fee30.1%$330,000$0.55 per $1,000Similar issues: median $0.74 per $1,000
- Cost
- Bond counsel
- Paid to
- Bracewell LLP
- Type
- One time
- Amount
- $330,000.00
- Per $1,000
- $0.55
Financial advisor 1 fee42.9%$470,776$0.79 per $1,000Similar issues: median $0.86 per $1,000
- Cost
- Financial advisor
- Paid to
- Post Oak Municipal Advisors LLC
- Type
- One time
- Amount
- $470,776.00
- Per $1,000
- $0.79
Underwriter 7 fees$2,510,395Not added
- Cost
- Underwriter's spread: expenses
Counted as: Paid by the underwriter: shown, not added - Paid to
- Not reported
- Type
- One time
- Amount
- $98,888.27
- Per $1,000
- $0.17
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- JP Morgan Securities LLC
- Type
- One time
- Amount
- $289,380.75
- Per $1,000
- $0.48
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- Mesirow Financial Holdings Inc
- Type
- One time
- Amount
- $289,380.75
- Per $1,000
- $0.48
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- Piper Sandler & Co
- Type
- One time
- Amount
- $289,380.75
- Per $1,000
- $0.48
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- Raymond James & Associates Inc
- Type
- One time
- Amount
- $289,380.75
- Per $1,000
- $0.48
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- RBC Capital Markets LLC
- Type
- One time
- Amount
- $289,380.75
- Per $1,000
- $0.48
- Cost
- Underwriter's spread: takedown
Counted as: Paid by the underwriter: shown, not added - Paid to
- Siebert Williams Shank & Co LLC
- Type
- One time
- Amount
- $964,602.50
- Per $1,000
- $1.61
Underwriter's counsel 2 fees$149,545Not added
- Cost
- Co-underwriter's counsel
Counted as: Paid by the underwriter: shown, not added - Paid to
- Bates Law Firm PLLC
- Type
- One time
- Amount
- $59,818.00
- Per $1,000
- $0.10
- Cost
- Co-underwriter's counsel
Counted as: Paid by the underwriter: shown, not added - Paid to
- Greenberg Traurig LLP
- Type
- One time
- Amount
- $89,727.00
- Per $1,000
- $0.15
Rating agency 2 fees26.1%$287,000$0.48 per $1,000Similar issues: median $0.55 per $1,000
- Cost
- Rating agency
- Paid to
- Moodys
- Type
- One time
- Amount
- $150,000.00
- Per $1,000
- $0.25
- Cost
- Rating agency
- Paid to
- S&P
- Type
- One time
- Amount
- $137,000.00
- Per $1,000
- $0.23
Other 3 fees0.9%$10,000$0.02 per $1,000Similar issues: median $0.04 per $1,000
- Cost
- Attorney General review
- Paid to
- Not reported
- Type
- One time
- Amount
- $9,500.00
- Per $1,000
- $0.02
- Cost
- Paying agent and registrar
Counted as: Annual fee: not added - Paid to
- Bank of New York Mellon Trust Co
- Type
- Annual
- Amount
- $750.00
- Per $1,000
- Under $0.01
- Cost
- Redemption fee
- Paid to
- Bank of New York Mellon Trust Co
- Type
- One time
- Amount
- $500.00
- Per $1,000
- Under $0.01
- Total, 16 fees
- $3,758,466
- Costs to the issuer
- $1,097,776$1.84 per $1,000
Per $1,000 is computed here from each amount and the par. Subtotals and totals are rounded to the whole dollar.
How these costs are counted
- Net spread counted once. Takedown, management fee, spread expenses and underwriting risk make up the underwriter's spread. Where an issue reports an amount for any of them, its row for the underwriter's net spread (the same spread as one figure) is shown as a cross-check and not added.
- Paid by the underwriter: shown, not added to the issuer's costs. Rows BRB's table marks as paid by the underwriter (whether the underwriter paid the fee) are shown and count in the fees paid to that firm and role, but not in the issuer's one-time costs, per-$1,000 figures or medians.
- The issuer's one-time costs add every other one-time row: not annual fees, not rows paid by the underwriter, not the cross-check. Per $1,000 of par divides them by the issue's par and multiplies by 1,000 (computed here).
- Missing, zero and negative amounts. A row with no amount shows "Not reported" and is added to nothing. A reported $0 counts as $0, in sums and medians. A negative amount is added as reported; where a role's or firm's one-time costs on an issue come to less than $0, that issue is left out of the medians.
- Similar issues. The median per $1,000 of par for that group across other issues by the same type of issuer, with the same pledge, sold the same way, a par half to twice this one's and a fiscal year within 3 years, shown when at least 5 report it.
- Per $1,000 on each row is computed here from its amount and the par, not taken from BRB's rounded figure.
EMMA links are added as each issue is matched.
Source: Local Issuance Fee By Year (updated by the publisher 10/6/2026); Debt Outstanding By Issuance Local By Year (updated by the publisher 9/9/2026). Loaded here 10/17/2026.
Texas fiscal years run September 1 to August 31.
Issuer names are shown as published, without source footnote letters.
Figures are as reported to the agency and have not been independently verified.