Sumitomo LoC Backs 2011A Airport Bonds
Metropolitan Washington Airports Authority (MWAA)Airport Authority · Arlington, VA- Disclosed value
- $32,920,000 outstanding principal (as credit enhancement)
- From report
- Document date
- Sep 21, 2022
The 30-second brief
Sumitomo underwrites a letter of credit enhancing the Airports Authority’s Series 2011A variable rate GARBs, supporting $32.92 million in AMT debt. With the facility expiring October 4, 2022, the Authority plans to replace it with TD Bank.
SUMITOMO holds this financial services contract with Metropolitan Washington Airports Authority (MWAA). Its other public contracts on record include work for Santiago Aqueduct Commission and Irvine Ranch Water District.
Term as filed: Ongoing credit enhancement on Series 2011A GARBs; LoC expires October 4, 2022.
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Contract details
- Contract type
- Financial Services
- Amount
- $32,920,000 outstanding principal (as credit enhancement)
- Document date
- September 21, 2022
- Term
- Ongoing credit enhancement on Series 2011A GARBs; LoC expires October 4, 2022
- Vendor
- SUMITOMO
- Source document
- mwaa-financial-advisors-report-september-2022_70b.pdf (Report)
SUMITOMO's other public contracts
More Metropolitan Washington Airports Authority (MWAA) contracts
Questions about this contract
Who was awarded the financial services contract by Metropolitan Washington Airports Authority (MWAA)?
SUMITOMO was awarded this financial services contract by Metropolitan Washington Airports Authority (MWAA), as recorded on September 21, 2022. The contract value is $32,920,000 outstanding principal (as credit enhancement).
How much is the SUMITOMO contract with Metropolitan Washington Airports Authority (MWAA) worth?
The SUMITOMO contract with Metropolitan Washington Airports Authority (MWAA) is valued at $32,920,000 outstanding principal (as credit enhancement), 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 mwaa-financial-advisors-report-september-2022_70b.pdf (Report), dated September 21, 2022 from Metropolitan Washington Airports Authority (MWAA). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does SUMITOMO hold?
SUMITOMO 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 Metropolitan Washington Airports Authority (MWAA) currently buying?
Explore Metropolitan Washington Airports Authority (MWAA)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.