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 $30 MM in Taxable Term Loan; 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 seven hundred fifty-three million dollars ($753,000,000) of bond debt outstanding as of June 30, 2024. In addition to the bond debt above, the University has approximately seventy-one million dollars ($71,000,000) of notes outstanding as of June 30, 2024, which are secured by other collateral than the Pledged Revenues.
