FINANCIAL_SERVICESAPPROVED

Los Angeles World Airports Awards Financial Services Contract to T.d. Bank N.a. (July 2026)

Los Angeles World Airports plans to appoint T.D. Bank N.A. to provide a five-year direct-pay letter of credit for its LAX commercial paper program, backing up to $200 million in principal and $18 million in interest. The agreement enhances liquidity support for airport financing.

Status
APPROVED
Document date
July 9, 2026
Contract type
FINANCIAL_SERVICES
Vendor
T.d. Bank N.a.
Agency
Los Angeles World Airports · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Letter of credit to cover up to $200 million aggregate principal, plus $18 million in interest
Contract type
FINANCIAL_SERVICES
Contract term
Five (5)-year letter of credit
Renewal
Five-year letter of credit; any renewal would require separate approval.
Document type
Agenda
Source document
Los Angeles World Airports Agenda Special Meeting 2026-07-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Los Angeles World Airports?

T.d. Bank N.a. was awarded this financial services contract by Los Angeles World Airports, as recorded on July 9, 2026. The contract value is Letter of credit to cover up to $200 million aggregate principal, plus $18 million in interest.

How much is the T.d. Bank N.a. contract with Los Angeles World Airports worth?

The T.d. Bank N.a. contract with Los Angeles World Airports is valued at Letter of credit to cover up to $200 million aggregate principal, plus $18 million in interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Los Angeles World Airports Agenda Special Meeting 2026-07-09 (Agenda), dated July 9, 2026 from Los Angeles World Airports. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does T.d. Bank N.a. hold?

T.d. Bank N.a. may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View T.d. Bank N.a.'s profile

What is Los Angeles World Airports currently buying?

Explore Los Angeles World Airports's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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