Corbett School District No. 39 U.S. Bank N.A. Proposal April 2026
U.S. Bank proposes $1M credit line to Corbett Schools
Trusted by teams at
Description
U.S. Bank N.A. has presented Corbett School District No. 39 with an indicative proposal for a $1,000,000 non-revolving line of credit to bridge payroll and operating expenses until state funding is received. The 12‑month facility would be structured under a Financing Agreement with SOFR-based interest, a 35 basis point unutilized fee, and district-paid legal costs, but remains contingent on final credit approval and documentation.
Contract Details
Contract Amount
Up to $1,000,000
Vendor
U.S. BANK N.A.
Agency
Corbett School District 39, OR
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
12 months initial facility term; commitment period from closing date to 1-year anniversary; proposal expires April 30, 2026
Renewal Info
Issuer may request an extension at least 60 days before facility expiration; the Bank will notify the Issuer of renewal decision and terms at least 30 days before expiration. Any renewal is at the Bank’s sole discretion and subject to mutually agreed revised terms.
More from U.S. BANK N.A.
Related Contracts
Del Norte County Technical Advisory Committee Meeting Agenda May 2026
ONGOINGSpringfield Platteview Community Schools Resolution Approving Participation in Fund April 2026
ONGOINGCity of Milton Council Meeting Agenda Packet April 20 2026
APPROVEDLogan View Public Schools Resolution Approving Participation in Fund 2026-02-09
APPROVEDFinance Committee Agenda February 4 2026
ONGOINGMore from Corbett School District 39
Corbett School District No. 39 U.S. Bank Line of Credit Proposal April 2026
Corbett School District No. 39 U.S. Bank N.A. Proposal April 2026
Corbett School District Agreement Memorandum of Understanding Regarding School Garden 2026-03-27
Corbett School District Employment Contract Marleen Carroll 2026
Corbett School District Board Meeting Agenda March 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.