University of South Alabama Board of Trustees Meeting Minutes January 2026
Renasant Bank Provides $15M Bridge Loan to USA
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Description
The University of South Alabama Board authorized a $15.1 million bridge loan with Renasant Bank to fund the acquisition of a new ambulatory surgery facility. The loan will be secured by rent and lease assignments and formalized via a Promissory Note.
Contract Details
Contract Amount
$15,100,000
Vendor
RENASANT BANK
Agency
University Of South Alabama, AL
Contract Type
FINANCIAL_SERVICES
Document Date
January 15, 2026
Contract Term
Short-term bridge loan, term not specified
Renewal Info
Short-term bridge loan; repayment expected after property acquisition closing. No auto-renewal stated.
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University of South Alabama Board of Trustees Meeting Minutes January 2026
University of South Alabama Board of Trustees Meeting Minutes January 2026
university_of_south_alabama_board_of_trustees_minu.pdf
university_of_south_alabama_board_of_trustees_minu.pdf
university_of_south_alabama_board_of_trustees_minu.pdf
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