Specifications include, but are not limited to: West Virginia University on behalf of its Board of Governors (“BOG”) located in Morgantown, West Virginia (“WVU” or “University”) is initiating this Request for Proposals (“RFP”) to solicit proposals from qualified firms or individuals (“Proposers”) for financing for Capital Expense Projects. West Virginia University Board of Governors on behalf of West Virginia University (“WVU” or “University”) is requesting proposals for financing up to $56.5 million for capital and information technology projects to support the University’s long-term capital plan. The financing will include the first $31 million tranche of the ERP Modernization Project. The University’s existing bond debt is unsecured and based on an obligation of net pledged revenues and other legally available monies. The University anticipates this issue to be issued with the same terms and on parity as the public market bond debt. The University is interested in a fixed rate loan with a final maturity of 15-years to 20-years. Currently, the University maintains long-term bond ratings of ‘Aa3’ (Stable) from Moody’s Investors Services and ‘AA-’ (Stable) from Fitch Ratings. The University has approximately $742 million of bond debt outstanding as of June 30, 2022.
