FINANCIAL_SERVICESAPPROVED

George Mason University Board of Visitors Minutes April 2026

Board Expands Atlantic Union Bank Credit Line to $83M

Line of credit up to $83M total (increase of up to $15M from existing $68M)George Mason UniversityATLANTIC UNION BANKApril 15, 2026

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Description

George Mason University’s Board of Visitors approved increasing its existing line of credit with Atlantic Union Bank by up to $15 million, bringing the total facility to $83 million under similar terms at current interest rates. Any future borrowing under this expanded line will require additional Board authorization.

Contract Details

Contract Amount

Line of credit up to $83M total (increase of up to $15M from existing $68M)

Vendor

ATLANTIC UNION BANK

Agency

George Mason University, VA

Contract Type

FINANCIAL_SERVICES

Document Date

April 15, 2026

Contract Term

Similar term duration as existing line of credit, based on current interest rates

Renewal Info

Existing $68M line of credit with Atlantic Union Bank is increased by up to $15M for a total of $83M; term remains similar to the current facility, with future debt draws still subject to Board approval.