Siebert Cisneros Shank remains one of the top underwriters for negotiated water and sewer bonds having served as senior manager for many of the largest systems in the country. The firm has senior-managed more than $4 billion in par amount of water and sewer transactions since 2012, serving many repeat clients, including Broward County, New York State Environmental Facilities Corporation, East Bay MUD and the cities of Chicago, Houston, Los Angeles, Oakland, Philadelphia and San Antonio.

Water and sewer utilities are consistently presented with significant challenges that require them to manage their long-term policies and financial plans. The nature of the sector remains highly capital intensive due to a range of factors including changes to environmental regulations, combined sewer overflow, ongoing drought conditions and aging infrastructure. Our firm’s commitment to this sector is exemplified by our efforts to develop innovative ways to address the constantly changing dynamics within the public utility sector.

Selected Senior-managed Water & Sewer Deals

City Of Shreveport (LA)
City of Shreveport (LA)

$98,815,000
Water & Sewer Revenue Bonds, Series 2017A&B
June 2017

City Of Chicago
City of Chicago

$396,075,000
Wastewater Transmission Revenue Bonds, 2017A, & Refunding, 2017B
June 2017

City Of Atlanta
City of Atlanta

$226,175,000
Water & Wastewater Revenue Refunding Bonds, Series 2017A
April 2017

New York City Municipal Water Finance Authority
New York City Municipal Water Finance Authority

$392,090,000
Water & Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series EE
February 2017

Santa Clara Valley Water District (CA)
Santa Clara Valley Water District (CA)

$59,390,000
Refunding & Improvement COP, Series 2017A
February 2017

City Of San Antonio
City of San Antonio

$90,915,000
Water System Junior Lien Revenue Refunding Bonds, Series 2017A
January 2017

City Of Shreveport (LA)
City of Shreveport (LA)

$110,200,000
Water & Sewer Revenue Bonds, Series 2016B & C
November 2016

City Of Kansas City
City of Kansas City

$183,740,000
Sanitary Sewer System Improvement & Refunding Revenue
January 2016

NY State EFC
NY State EFC

$219,770,000
New York City Muni Water Fin. Auth., 2nd Resol., 2015A, Sub. SRF Bonds
June 2015

Broward County (FL)
Broward County (FL)

$199,810,000
Water & Sewer Utility
Revenue Refunding
Series 2015A & 2015B
June 2015

City Of Los Angeles
City of Los Angeles

$229,930,000
Wastewater System Rev. Bonds, 2015-A (Green Bonds) & Rfdg. 2015-B
May 2015

East Bay MUD
East Bay MUD

$71,165,000
Wastewater System Rev. Rfdg., 2015A-1, A-2 & Series 2015B (Taxable)
February 2015

City Of Shreveport
City of Shreveport

$75,000,000
Water & Sewer
Revenue Bonds,
Series 2014A
November 2014

East Bay MUD
East Bay MUD

$75,000,000
Water System
Revenue Bonds,
Series 2014C
June 2014

Houston Combined Utility System
Houston Combined Utility System

$692,890,000
First Lien Rev. Rfdg.
Series 2014C
March 2014

City Of Oakland
City of Oakland

$40,590,000
Sewer Revenue Refunding Bonds
2014 Series A
January 2014

City Of San Antonio
City of San Antonio

$79,350,000
Water System Junior Lien Revenue & Refunding Bonds, Series 2013E
October 2013

City Of Los Angeles
City of Los Angeles

$293,860,000
Wastewater System Revenue Bonds, Series 2013-A & Rfdg. 2013-B
June 2013