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WSCU-RFP-19-84 - DIRECT PURCHASE LOAN

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Basic Information

Reference Number

0000202558

Issuing Organization

Western State Colorado University

Owner Organization

Business Services

Solicitation Type

RFP - Request for Proposal (Informal)

Solicitation Number

WSCU-RFP-19-84

Title

DIRECT PURCHASE LOAN

Source ID

PU.AG.USA.2357.C2680551

Details

Location

United States, Colorado, Gunnison County

Purchase Type

One Time Only- Delivery Date:01/05/2019

Piggyback Contract

No

Dates

Publication

11/05/2018 02:55 PM MST

Bid Intent

Optional

Bid Intent Deadline

11/28/2018 12:00 PM MST

Question Acceptance Deadline

11/16/2018 12:00 PM MST

Questions are submitted online

No

Closing Date

11/29/2018 12:00 PM MST

Contact Information

Sherry Ford

970-943-7052

sford@western.edu

Description

Western State Colorado University (“Western” or the “University” or “Western Colorado University”) is soliciting proposals from qualified banks to provide a tax-exempt, fixed rate direct purchase loan to refinance the Gunnison County, Colorado Revenue Refunding Bond Series 2012A (2015 Reissuance) which is currently outstanding in the amount of $4.458 million with a final maturity of July 15, 2032 and are subject to redemption, at par, on any date.  The selected banking partner will be expected to work with the University and its administrative team, the University’s financial advisor (North Slope Capital Advisors), and Bond Counsel (Kutak Rock), and be required to provide principal representatives who will be involved with:

  • Assisting with the formation of a prudent refinancing strategy, taking into consideration the University’s objectives and the climate in the capital markets,
  • Thoughts on the terms and/or any prepayment penalty of the proposed loan, and
  • Participating in the review of all legal and financial documents of the transaction.
 
 

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Buyer’s Requirements

Award Requirements

- All or None Award

Bid Submission Process

Bid Submission Type

Physical Bid Submission

Please note that solicitations issued prior to September 07, 2016 can be found here: http://legacy.rockymountainbidsystem.com