Civic IQ
FINANCIAL_SERVICESAMENDED

GRU to Terminate 2014 Interest Rate Hedge with Bank of America

GRU’s bond resolution authorizes terminating all or part of its 2014 interest rate hedge with Bank of America, N.A. tied to the 2014 Series A Bonds, applying any cash settlement received to reduce the cost of refunding those bonds. The move is part of a broader restructuring of the utility’s debt portfolio.

Document date · August 10, 2026

Issuing agencyGainesville Regional Utilities - ProcurementVendorBank of America Na

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Qualified hedging contract dated April 7, 2020, with trade confirmation dated April 8, 2020; notional tied to 2014 Series A Bonds until termination
Renewal
Existing hedge from 2020 is being partially or fully terminated in conjunction with refunding 2014 Series A Bonds; no renewals contemplated.
Document type
AgendaPacket
Source document
Gainesville Regional Utilities Authority AgendaPacket 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Gainesville Regional Utilities - Procurement?

Bank of America Na was awarded this financial services contract by Gainesville Regional Utilities - Procurement, as recorded on August 10, 2026.

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 Gainesville Regional Utilities Authority AgendaPacket 2026-08-10 (AgendaPacket), dated August 10, 2026 from Gainesville Regional Utilities - Procurement. 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.

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