EXT AIR | RFQ 50325 Credit Liquidity Facilities

The Airport Commission of the City and County of San Francisco is seeking to pre-qualify commercial banks and other financial institutions through Request for Qualifications (RFQ) No. 50325 to serve as providers of credit and liquidity facilities and/or direct purchasers of San Francisco International Airport bonds and commercial paper notes. This is a professional services procurement intended to establish a pool of pre-qualified providers that will remain available for up to four years, consisting of a two-year initial period plus one optional two-year extension at the Commission's sole discretion. Interested firms must demonstrate current credit ratings meeting specified minimums: either long-term credit ratings of at least A2/A/A or equivalent from at least two nationally recognized rating agencies, or short-term credit ratings of at least P-1/A-1/F1 or equivalent from at least two rating agencies, or both. The RFQ does not require submission of detailed qualifications, proposed transaction terms, or participation in interviews; instead, the Commission will contact pre-qualified providers as specific financing needs arise to negotiate mutually acceptable terms for individual transactions. Firms with the highest short-term and long-term credit ratings may receive preference over lower-rated providers. Initial questions were due by August 28, 2024, at 2:00 P.M. Pacific, with the current submission deadline extended to July 31, 2026, at 5:00 P.M. Pacific Time pursuant to Addendum No. 2 issued November 25, 2024; providers submitting by the initial deadline receive preference for maximum opportunities, though submissions are accepted on an ongoing basis with potential delays for later submissions.

Responses must comply with San Francisco City contracting requirements, including the Equal Benefits Ordinance, Minimum Compensation Ordinance, and Health Care Accountability Ordinance, as well as Administrative Code Chapter 12X, which prohibits contracting with entities headquartered in or performing work in states designated as "Covered States" based on discriminatory laws or voting rights restrictions. No set-aside designations for disadvantaged enterprises or small businesses are specified in the solicitation documents. No incumbent vendors or current contractors are identified in the procurement materials. Pre-qualification does not guarantee contract awards or constitute assurance that providers will be solicited for specific proposals; at the time of any specific facility or bond purchase proposal, providers' ratings will be re-confirmed to ensure continued compliance with the Commission's minimum requirements. The estimated cost and specific contract values are listed as "to be determined" (TBD), as this procurement establishes a pool of providers rather than soliciting pricing for specific defined projects. Interested financial institutions should contact Matthew Lau at the San Francisco International Airport Finance Division at (650) 821-2807 or matthew.j.lau@flysfo.com for additional information or to submit responses.