Hillsborough County Aviation Authority

The buyer is seeking a qualified financial institution to provide a Revolving Credit Facility. The facility will consist of two subseries or Notes, a Non-Bank Qualified Tax-Exempt Note and a Taxable Note. The aggregate amount available under the Notes will be between $100,000,000 and $200,000,000. The facility will be used to provide interim funding for capital improvement projects of the buyer's Airport System. The buyer aims to secure the best terms and lowest overall borrowing cost for this revolving credit agreement.

• 2/3/2025 - Question and Clarification Deadline
• 2/10/2025 - Final Addendum Posted
• 2/17/2025 - Proposal Due Date
• 5/1/2025 - Board Selection and Award

• Provide a Revolving Credit Facility with a minimum of $100,000,000 and maximum of $200,000,000
• Offer both a Non-Bank Qualified Tax-Exempt Note and a Taxable Note
• Allow prepayment of all or portion of the Revolving Credit Facility without penalty
• Provide variable rate financing based on Term Secured Overnight Financing Rate (SOFR)
• Propose Fallback Rates in case SOFR is discontinued
• Allow for extension of the Term beyond final maturity up to May 2029
• Secure the facility with a lien on certain Authority Revenues
• Allow the Authority to issue additional indebtedness under existing agreements
• Avoid including capital adequacy or yield maintenance covenants
• Avoid requiring minimum balances in accounts as a condition