Village of Willowbrook Agenda Packet 2026-06-08
Willowbrook Secures $15M Credit Line with Hinsdale Bank
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Description
Willowbrook authorized a delay draw term loan of up to $15 million with Hinsdale Bank & Trust Company, N.A. to support economic development in the Business District Fund. The agreement provides borrowing flexibility through June 1, 2029.
Contract Details
Contract Amount
Up to $15,000,000 line of credit
Vendor
HINSDALE BANK & TRUST COMPANY N.A.
Agency
Willowbrook village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Through June 1, 2029
Renewal Date
2029-06-01
Renewal Info
Line of credit expires June 1, 2029; borrowing window is three years from approval date.
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