The City of Philadelphia (the “City”) is hereby seeking proposals for the provision of Direct Pay Letters of Credit or alternative financing structures (e.g., direct purchase notes, revolving lines of credit, etc.) (the “Bank Facility”) for the General Obligation Multi-Modal Refunding Bonds, Series 2009B. The City is conducting a competitive process for the provision of credit enhancement and/or liquidity on the following outstanding bonds with credit facilities from highly rated credit and liquidity providers on the outstanding bonds listed below. Both current and new bank facility providers are strongly encouraged to participate. If your firm has overall limits for providing credit enhancement and/or liquidity to the City which could be fungible between credits, please state this clearly in your response.
