PNC proposals for Metro credit lines not selected
Los Angeles County Metro Transit AuthorityPublic Authority · Los Angeles, CA- Disclosed value
- $150,000,000 commitment (proposal only)
- From report
- Document date
- Apr 17, 2025
The 30-second brief
PNC Bank, N.A. responded to Metro’s RFP with proposals for $150 million Proposition A and C credit facilities but was not chosen in the final rankings. Metro instead moved forward with SMBC and BMO.
Pnc Bank NA holds this financial services contract with Los Angeles County Metro Transit Authority. Its other public contracts on record include work for Ohio Housing Finance Agency | State of Ohio and PA-State-Turnpike Commission.
Term as filed: 4-year tenor for Prop A LOC proposal; 3-year tenor for Prop C RCF proposal (implied).
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Contract details
- Contract type
- Financial Services
- Amount
- $150,000,000 commitment (proposal only)
- Document date
- April 17, 2025
- Term
- 4-year tenor for Prop A LOC proposal; 3-year tenor for Prop C RCF proposal (implied)
- Vendor
- Pnc Bank NA
- Source document
- Los Angeles County Metropolitan Transportation Authority Board Report Proposition A and Proposition C Short-Term Borrowing Programs 2025-04-17 (Report)
Pnc Bank NA's other public contracts
More Los Angeles County Metro Transit Authority contracts
Questions about this contract
Who was awarded the financial services contract by Los Angeles County Metro Transit Authority?
Pnc Bank NA was awarded this financial services contract by Los Angeles County Metro Transit Authority, as recorded on April 17, 2025. The contract value is $150,000,000 commitment (proposal only).
How much is the Pnc Bank NA contract with Los Angeles County Metro Transit Authority worth?
The Pnc Bank NA contract with Los Angeles County Metro Transit Authority is valued at $150,000,000 commitment (proposal only), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Los Angeles County Metropolitan Transportation Authority Board Report Proposition A and Proposition C Short-Term Borrowing Programs 2025-04-17 (Report), dated April 17, 2025 from Los Angeles County Metro Transit Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pnc Bank NA hold?
Pnc Bank 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.
What is Los Angeles County Metro Transit Authority currently buying?
Explore Los Angeles County Metro Transit Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.