FINANCIAL_SERVICESAPPROVED

AlexRenew Awards Financial Services Contract to Bank of America Na (May 2026)

The AlexRenew Board approved Resolution 26-001 to modify its line of credit with Bank of America, N.A., reducing the limit to $30 million and extending the maturity to June 30, 2028. The revolving subordinate-debt facility will continue to support interim financing for capital projects and RiverRenew-related expenditures.

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

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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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
Through June 30, 2028
Renewal date
2028-06-30
Renewal
Originally procured January 2020 at $30 million, increased to $120 million in 2024, and now extended with a reduced maximum principal of $30 million through June 30, 2028. CEO is authorized to execute future extensions and amendments and new lines of credit within the same parameters.
Document type
AgendaPacket
Source document
AlexRenew Board of Directors AgendaPacket 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 Na 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 Na contract with AlexRenew worth?

The Bank of America Na 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 agendapacket record.

Where was this contract approved?

This contract appears in AlexRenew Board of Directors AgendaPacket 2026-05-19 (AgendaPacket), 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 Na hold?

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

View Bank of America Na's profile

What is AlexRenew currently buying?

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

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