NIMPA Extends $15 Million PNC Credit Facility
Northern Illinois Municipal Power AgencySpecial District · Rochelle, IL- Disclosed value
- $15M aggregate principal amount; existing $15M credit facility
- From minutes
- Document date
- Jul 16, 2026
- Renews
- Free account
The 30-second brief
NIMPA approved a five-year extension and amendment of its $15 million credit facility with PNC Bank. The agreement will support liquidity, PJM financial transmission rights activity, and bond ratings through mid-2031 while transitioning the interest-rate benchmark to SOFR.
Pnc Bank holds this financial services contract with Northern Illinois Municipal Power Agency. Its other public contracts on record include work for Princeton and City of Royal Oak.
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Contract details
- Contract type
- Financial Services
- Amount
- $15M aggregate principal amount; existing $15M credit facility
- Document date
- July 16, 2026
- Term
- Five-year extension, through the middle of 2031
- Renews
- On record
- Vendor
- Pnc Bank
- Source document
- Northern Illinois Municipal Power Agency Minutes Board Meeting July 16, 2026 (Minutes)
Pnc Bank's other public contracts
More Northern Illinois Municipal Power Agency contracts
Questions about this contract
Who was awarded the financial services contract by Northern Illinois Municipal Power Agency?
Pnc Bank was awarded this financial services contract by Northern Illinois Municipal Power Agency, as recorded on July 16, 2026. The contract value is $15M aggregate principal amount; existing $15M credit facility.
How much is the Pnc Bank contract with Northern Illinois Municipal Power Agency worth?
The Pnc Bank contract with Northern Illinois Municipal Power Agency is valued at $15M aggregate principal amount; existing $15M credit facility, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Northern Illinois Municipal Power Agency Minutes Board Meeting July 16, 2026 (Minutes), dated July 16, 2026 from Northern Illinois Municipal Power Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Pnc Bank hold?
Pnc Bank 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 Northern Illinois Municipal Power Agency currently buying?
Explore Northern Illinois Municipal Power Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
