Government Contract | Florida
LINE OF CREDIT AND/OR ONE OR MORE LETTERS OF CREDIT

Bid Information


Bid Alert No: 00000416316

Bid Title: LINE OF CREDIT AND/OR ONE OR MORE LETTERS OF CREDIT

Agency Bid No. Title: 2015-207

Received Date: 11/12/2015

Close Date: 11/30/2015

Purchase Type: Term:

Delivery Point: Not Stated, Florida

Delivery Date: Not Stated

Special Notices: L.O.I. Due By 11/12/2015, Questions Due By 11/16/2015

Specifications

Specifications include, but are not limited to:Banks may propose a line of credit either individually or as part of a syndicate, for aminimum principal amount of $25 million. To the extent that joint proposals aresubmitted, please clearly delineate the obligations of each Bank. It is expected that a jointsubmission will identify one Bank to serve as lead agent, one common bank counsel torepresent the Banks, and identical fees and terms for each Bank in the group.It is also the objective of the Agency to stagger the end dates for its line of credit andletters of credit, however, the line of credit and letters of credit would all becomeeffective on the same date in replacement of FMPA's current lines and letters of credit.Minimum term for the line(s) is 2 years.Furthermore, it is expected that the new lines of credit will be structured and documentedin a manner that would allow the undrawn portion of the line of credit to be counted bythe rating agencies as liquidity in their respective calculations of "days liquidity' or othersuch measures.

Bid Related Documents

Download Document

Product Code: 94625

Agency Information


Issuing Agency: Florida Municipal Power Agency

State: Florida

Agency Type: State and Local

Contact: Janet Davis Florida Municipal Power Agency, 8553 Commodity Circle, Orlando, Florida, 32819

Email: janet.davis@fmpa.com

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