FINANCIAL_SERVICESAMENDED

George Mason University Board of Visitors Finance and Land Use Committee Meeting Agenda April 2026

GMU expands Atlantic Union Bank credit facility

Increase by up to $15,000,000 (revised aggregate authorization not to exceed $83,000,000)George Mason UniversityATLANTIC UNION BANKApril 6, 2026

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Description

George Mason University’s Board of Visitors authorized an amendment to its existing line of credit facility with Atlantic Union Bank, increasing capacity by up to $15 million for a total authorization not to exceed $83 million. The expanded facility will continue to provide cost‑efficient, short‑term financing for capital expenditures and other eligible corporate purposes over a term of up to 20 years.

Contract Details

Contract Amount

Increase by up to $15,000,000 (revised aggregate authorization not to exceed $83,000,000)

Vendor

ATLANTIC UNION BANK

Agency

George Mason University, VA

Contract Type

FINANCIAL_SERVICES

Document Date

April 6, 2026

Contract Term

Maximum term of 20 years

Renewal Info

Original Board authorization in May 2022 established a line of credit up to $68 million with a maximum 20‑year term; the April 2026 resolution increases the authorization ceiling to $83 million while retaining the same maximum term and general revenue pledge security. Individual loans under the facility may be borrowed, repaid, and reborrowed subject to credit agreement terms.