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Line of Credit for the Texarkana Regional Airport
10/16/2024
$8,000,000
Texarkana, Arkansas
Texarkana Regional Airport Authority
The buyer is seeking proposals from qualified banks to provide an $8,000,000 line of credit for capital improvement projects at the Texarkana Regional Airport. The line of credit will be in effect for a five-year period and used for various projects such as runways, taxiways, and airport improvements. The buyer requires a revolving line of credit with flexible terms and no prepayment penalties. The selected bank will need to provide credit approval or a timeline for obtaining approval.
- 10/11/2024 - Questions Deadline
- 10/16/2024 - Proposal Due Date
- 10/17/2024 - Selection Date
- 10/24/2024 - Approval by Authority Board
- 11/4/2024 - Approval by Texarkana AR
- 11/12/2024 - Approval by Texarkana TX
Refer to RFP
- Provide $8,000,000 revolving line of credit for capital improvement projects
- Offer 5-year term with principal due at final maturity
- Allow for prepayment without penalty
- Provide credit approval or timeline for obtaining approval
- Structure comprehensive financing program for various airport projects