BPM006272_Solicitation_Attachment_-_WAXIE_Enterprises_LLC_Comfort_Letter.pdf
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- Attached to
- Master Agreement AZ|CTR079661
- Contract number
- CTR079661
- Issued by
- Arizona
About this file
This document is a Bank of America reference letter dated June 26, 2024, pertaining to Waxie's Enterprises, LLC (d.b.a. WAXIE Sanitary Supply), which is being prepared in support of a State of Arizona bid. The letter is from Victor Guglielmetti, Director of Corporate Banking Subsidiaries at Bank of America, and serves to confirm Waxie's financial standing and capacity to fulfill business commitments.
The reference letter indicates that Waxie's Enterprises is part of a portfolio of businesses owned by a parent company and has maintained banking relationships with Bank of America for over seven years. Financially, the company maintains average annual deposit balances in the low eight-figure range and has been extended unsecured credit facilities of a similar magnitude. All credit facilities have been paid as agreed, and the company's accounts have been maintained in a satisfactory manner. The letter is specifically being provided to demonstrate Waxie's financial capability for participating in the State of Arizona bid process.
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Text version
June 26, 2024
To Whom it May Concern, Re: Bank of America Reference Letter – Waxie’s Enterprises, LLC
Please accept this letter as confirmation that Waxie’s Enterprises, LLC d.b.a. WAXIE Sanitary Supply (“WAXIE”, or the “Company”) has been a valued client of Bank of America (the “Bank”) for over seven years. WAXIE is one of a portfolio of businesses owned by a parent company. As part of the State of Arizona bid, we are providing you with this letter as an indication of the Company’s financial capacity to fulfill its business commitments.
The Company maintains average annual deposit balances in the low eight figures. Additionally, the Bank has provided unsecured credit facilities to the Company in the low eight figures. All facilities have been paid as agreed and the Company has maintained its accounts with the Bank in a satisfactory manner.
Please note that the information set forth in this letter is subject to change without notice, and is provided in strict confidence, without any responsibility or liability on the part of the Bank, its affiliates or any of its or its affiliates' directors, officers, or employees. The Bank undertakes no responsibility to update the information set forth in this letter.
Please contact me directly if I can be of any further assistance at 415-599-6838.
Regards, Victor Guglielmetti Director – Corporate Banking Subsidiaries Bank of America
(E) victor.guglielmetti@bofa.com
(M) 415-599-6838
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
mailto:victor.guglielmetti@bofa.com
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