The Metropolitan Water District of Southern California Closes on New Water Revenue Bonds

On March 1 and March 29, 2017, respectively, Stradling client The Metropolitan Water District of Southern California closed its $80,000,000 variable rate Water Revenue Bonds, 2017 Authorization Series A, and entered into a new liquidity facility with Citibank, N.A. to support its outstanding $88,800,000 variable rate Water Revenue Bonds, 2000 Authorization, Series B-3. Stradling served as bond counsel in each case.