Port Amends Avondale Purchase to $330 Million
Port Of South LouisianaPublic Authority · Reserve, LA- Disclosed value
- $330 million (initial cash payment of $280 million plus $50 million Subordinate Note)
- From minutes
- Document date
- Aug 30, 2023
The 30-second brief
The Port of South Louisiana Commission approved Amendment No. 6 to its Purchase and Sale Agreement with Avondale Global Gateway, L.L.C., resetting the purchase price to $330 million. The amendment provides for a $280 million initial cash payment funded by Senior Bonds and a $50 million Subordinate Note.
Avondale Global Gateway LLC holds this facilities contract with Port Of South Louisiana. Its other public contracts on record include work for Jefferson Parish.
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Contract details
- Contract type
- Facilities
- Amount
- $330 million (initial cash payment of $280 million plus $50 million Subordinate Note)
- Document date
- August 30, 2023
- Agency
- Port Of South Louisiana
- Source document
- Port of South Louisiana Commission Meeting Minutes August 2023 (Minutes)
Avondale Global Gateway LLC's other public contracts
More Port Of South Louisiana contracts
Questions about this contract
Who was awarded the facilities contract by Port Of South Louisiana?
Avondale Global Gateway LLC was awarded this facilities contract by Port Of South Louisiana, as recorded on August 30, 2023. The contract value is $330 million (initial cash payment of $280 million plus $50 million Subordinate Note).
How much is the Avondale Global Gateway LLC contract with Port Of South Louisiana worth?
The Avondale Global Gateway LLC contract with Port Of South Louisiana is valued at $330 million (initial cash payment of $280 million plus $50 million Subordinate Note), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Port of South Louisiana Commission Meeting Minutes August 2023 (Minutes), dated August 30, 2023 from Port Of South Louisiana. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Avondale Global Gateway LLC hold?
Avondale Global Gateway LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Port Of South Louisiana currently buying?
Explore Port Of South Louisiana's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.