Georgia City of Cartersville to Issue $241M of Water and Sewer Revenue Bonds

Dow Jones01-23

By Paulo Trevisani

The City of Cartersville, Ga., plans to issue $241 million of bonds to finance water and sewer system improvements.

The Series 2026 bonds will fund additions, extensions, and improvements to Cartersville's existing water and sewer infrastructure, along with covering costs of issuance, according to a preliminary statement published Thursday on MuniOs.

The bonds will mature between 2027 and 2056. Interest rate and coupons are yet to be defined.

The bonds are payable solely from revenue derived from the ownership and operation of the city's water and sewer system. Total operating revenue for system's fiscal year that ended June 30 was $35 million.

Projects to be funded include the expansion of two water treatment plants and construction of the Westside Feeder Main, a 36-inch water transmission line that will be approximately five miles long and designed to complete a water transmission loop.

Any remaining funds will be used to replace water lines and pay for a lift station. The total cost of the capital projects is estimated at $400 million.

Located about 42 miles northwest of Atlanta, Cartersville's population has more than doubled in recent decades to about 25,000 people as of 2024, according to the preliminary official statement.

The offering has been rated Aa3 by Moody's and AA- by S&P Global Ratings.

Raymond James is the underwriter.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

January 22, 2026 13:11 ET (18:11 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The total cost of t","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHCO":"City Holding Company"},"translate_title":"佐治亚州卡特斯维尔市将发行2.41亿美元的供水和下水道收入债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHCO":1.5},"content_text":"By Paulo Trevisani \n\n\n \n\n\n  The City of Cartersville, Ga., plans to issue $241 million of bonds to finance water and sewer system improvements. \n\n\n  The Series 2026 bonds will fund additions, extensions, and improvements to Cartersville's existing water and sewer infrastructure, along with covering costs of issuance, according to a preliminary statement published Thursday on MuniOs. \n\n\n  The bonds will mature between 2027 and 2056. Interest rate and coupons are yet to be defined. \n\n\n  The bonds are payable solely from revenue derived from the ownership and operation of the city's water and sewer system. Total operating revenue for system's fiscal year that ended June 30 was $35 million. \n\n\n  Projects to be funded include the expansion of two water treatment plants and construction of the Westside Feeder Main, a 36-inch water transmission line that will be approximately five miles long and designed to complete a water transmission loop. \n\n\n  Any remaining funds will be used to replace water lines and pay for a lift station. 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