Beaver Valley Intermediate Unit Agenda November 2025
$20 Million School Renovation Loan Awarded to WesBanco
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Description
The Board awarded WesBanco Bank, Inc. a contract to purchase BVIU’s $20 million, 1-year revenue note at 3.75% interest for funding the renovation of New Horizon School.
Contract Details
Contract Amount
$20,000,000.00
Vendor
WESBANCO BANK INC
Agency
Beaver Valley IU 27, PA
Contract Type
FINANCIAL_SERVICES
Document Date
November 19, 2025
Contract Term
1 year
Renewal Date
2026-11-19
Renewal Info
1-year non-revolving draw down loan, terms per proposal; renewal details not specified.
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