FINANCIAL_SERVICESRENEWED

AlexRenew Renews Reduced $30M Line of Credit

The AlexRenew Board renewed and reduced its revolving line of credit with Bank of America from $120 million to $30 million, extending the maturity to June 30, 2028. The renewed facility lowers the annual cost to $69,000 and continues to provide interim financing flexibility for capital expenditures.

Status
RENEWED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of America
Agency
AlexRenew · VA

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$30 million line of credit; annual cost $69,000
Contract type
FINANCIAL_SERVICES
Contract term
Extension of maturity date to June 30, 2028 (previously expiring June 30, 2026)
Renewal date
2028-06-30
Renewal
Line of credit renewed with reduced limit from $120 million to $30 million and maturity extended from June 30, 2026 to June 30, 2028. Future renewals would require additional Board authorization.
Document type
Minutes
Source document
AlexRenew Minutes 940th Meeting 2026-05-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by AlexRenew?

Bank of America was awarded this financial services contract by AlexRenew, as recorded on May 19, 2026. The contract value is $30 million line of credit; annual cost $69,000.

How much is the Bank of America contract with AlexRenew worth?

The Bank of America contract with AlexRenew is valued at $30 million line of credit; annual cost $69,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in AlexRenew Minutes 940th Meeting 2026-05-19 (Minutes), dated May 19, 2026 from AlexRenew. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of America hold?

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

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What is AlexRenew currently buying?

Explore AlexRenew's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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