Port of Seattle Resolution No. 3846 April 14, 2026
Bank of America N.A. Secures Subordinate Lien Revenue Notes
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Description
Bank of America, N.A. continues as letter of credit provider for the Port of Seattle's Subordinate Lien Revenue Notes (Commercial Paper), securing up to $400 million. The financial institution is key to enabling ongoing short-term note issuances.
Contract Details
Contract Amount
Up to $400,000,000
Vendor
BANK OF AMERICA N.A.
Agency
Seattle-Tacoma International Airport (Port of Seattle), WA
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
through at least June 1, 2051 (referencing outstanding note maturity date)
Renewal Date
2051-06-01
Renewal Info
Reimbursement Agreement - Bank of America can be amended per terms stated; replacement credit facility permitted only on notes' maturity date.
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