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Nashville Extends and Upsizes Water and Sewer Commercial Paper Program to $300 Million

  • When: 2025/11/18
  • Address: Citywide, Nashville, TN
  • City: Nashville
  • State: TN
  • Category: Infrastructure Development
  • Subcategory: Water/Sewer
  • Asset Class: Commercial
  • Property Type: Industrial
  • Size (Dollars): $300,000,000

The Metropolitan Council of Nashville and Davidson County passed Resolution RS2025-1627, which amends a previous resolution to expand the city's Water and Sewer Revenue Extendable Commercial Paper (ECP) Program. The decision increases the maximum aggregate principal amount of the ECP notes from $200 million to $300 million. It also extends the program's final maturity date from January 1, 2026, to March 1, 2031. The purpose of the ECP program is to provide short-term financing for capital improvements to the metropolitan water and sewer system, serving as a bridge until long-term revenue bonds are issued.

Source

Applicant - The Metropolitan Government of Nashville and Davidson County


City Representative - Jenneen Reed