George Mason University Board of Visitors Finance and Land Use Committee Meeting Agenda April 2026
GMU to expand Atlantic Union Bank credit facility
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Description
George Mason University's Board of Visitors will consider amending its existing line of credit authorization with Atlantic Union Bank to increase borrowing capacity by up to $15 million, raising the aggregate limit to $83 million. The expanded facility will continue to provide cost‑efficient short‑term financing for capital expenses and other permitted corporate purposes over terms up to 20 years.
Contract Details
Contract Amount
Increase of 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
Amendment increases maximum aggregate principal from $68M to $83M while maintaining previously approved terms, including a maximum 20‑year maturity and specified interest‑rate caps.
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