AlexRenew Named Small Issuer of the Year for Green Bond Sale
Funding generated from the bond sale will support long-term projects to improve water quality in the Potomac River and Chesapeake Bay, including upgrades to AlexRenew’s biosolids treatment systems, wastewater screening and pumping facilities, and filtration processes over the next several years.
Award entries were judged on a range of factors, including creativity, complexity, market conditions, and the public purpose of the deal. Winners were named in 10 categories: one for each of five regions across the U.S. and five in additional categories, one of these being Small Issuer of the Year.
“AlexRenew’s green bond sale represents a unique and critical investment in our community’s future,” said Justin Carl, AlexRenew’s General Manager and CEO. “The deal demonstrates how smaller issuers can leverage innovative solutions to fund environmental projects at the local level. AlexRenew was also able to secure low-cost financing for the sale thanks to its AAA credit rating from Standard and Poor’s, resulting in long-term savings for our customers.”
AlexRenew has been named a finalist for The Bond Buyer’s annual Deal of the Year Award as well. The prestigious award recognizes innovative use of municipal financing to serve the public.
All award recipients will be honored at a ceremony in New York City on December 3.
Contact: Matt Robertson, communications@alexrenew.com