Deal of the Year 2024: AlexRenew (Small Issuer Financing)

AlexRenew, the City of Alexandria, Virginia's Sanitation Authority, offered Virginia's first green bond issuance  with its $45.7 million Wastewater Revenue Bonds. This financing supports vital infrastructure upgrades, including the Solids Upgrade Program and enhanced energy efficiency, while advancing AlexRenew's sustainability goals. The transaction introduced green bonds to the wastewater sector, demonstrating how smaller issuers can leverage innovative financing to fund environmental priorities. By setting an example for similar authorities, AlexRenew's green bonds represent an important step toward resource-efficient and sustainable infrastructure.