City of Greensboro Transportation/Infrastructure Committee Meeting Agenda 2026-05-26
PNC Bank Targeted as Purchaser of City BANs
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Description
Greensboro plans to sell up to $290 million in water and wastewater revenue bond anticipation notes at private sale to PNC Bank, National Association. The notes will finance major capacity, booster station, and PFAS treatment projects ahead of permanent long-term bonds.
Contract Details
Vendor
PNC BANK NATIONAL ASSOCIATION
Agency
City of Greensboro, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Renewal Info
Debt purchase is a one-time financing transaction; future renewals or refundings would require new authorizations.
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