RFP 22-20_Oct_7_24_solicitation_doc.pdf
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- Attached to
- Norwich Public Utilities Line of Credit
- Solicitation number
- RFP 22-20
- Issued by
- New London County, Connecticut
About this file
This document is a Request for Proposal (RFP) issued by the City of Norwich, Connecticut for the Norwich Public Utilities (NPU) Line of Credit. NPU is soliciting proposals from qualified financial institutions to provide a fixed-rate revolving line of credit (LOC) of up to $10 million with a 10-year maturity. The LOC will be secured by and repaid from the revenues of NPU's Electric and Gas divisions. The RFP indicates the start date of February 8, 2022 and the end date of March 7, 2022 for proposal submissions.
The RFP seeks the lowest overall borrowing cost, interest rate, and terms that are in the best interest of NPU. No specific pricing terms, set-asides, incumbents, or funding requirements are provided. The RFP is open to all vendors, and the selected vendor will be awarded a contract to provide the requested LOC services.
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Text version
Solicitation Number: RFP 22-20
Norwich Public Utilities Line of Credit
Request for Proposal (RFP)
Norwich, City of
February 08, 2022 - March 07, 2022
Page:2
General Header Information
This bid has no questions defined.
RFP 22-20
No. RFP 22-20 Title: Norwich Public Utilities Line of Credit Start Date: February 08, 2022 at 3:00:00 PM EST End Date: March 07, 2022 at 2:00:00 PM EST Vendor Q&A Start Date:
Vendor Q&A End Date:
Estimated Total Value:
Who can respond to this bid? : All Vendors Description: Norwich Public Utilities (NPU) is soliciting proposals from qualified financial institutions that can best provide NPU with a fixed rate revolving line of credit (LOC) of up to ten (10) million dollars and a maturity of ten
(10) years at the lowest overall borrowing cost, interest rate, and terms that are in the best interest of NPU. The LOC will be secured by and repaid from the revenues of NPU’s Electric and Gas divisions.
Delivery Terms: Free On Board Destination Payment Terms: Vendor Specified Contact Information: Norwich, City of
Robert Castronova 100 Broadway Room 105 Norwich CT, 06360 United States Tel: 860-823-3706 Fax:
rcastronova@cityofnorwich.org
Contact Details: If you have any questions, please contact:
Robert Castronova 100 Broadway Room 105 Norwich CT, 06360 United States Tel: 860-823-3706 Fax:
rcastronova@cityofnorwich.org
Selected Categories:
Page:3
Documents:
RFP 22-20 LOC Advertisement.pdf
Page:4
Item Specifications Solicitation has been designated as having no line items.
Page:5
File details come from the government source that posted it. Updated .