Agency Approves Gifford Bond Refinancing with JPMorgan
Vermont Educational and Health Buildings Financing Agency | State of VermontState · Burlington, VT- Disclosed value
- Approximately $12.5 million issue amount; required $1.0 million principal paydown at closing plus additional monthly principal paydowns
- From minutes
- Document date
- Mar 26, 2026
- Renews
- Free account
The 30-second brief
The Vermont Educational and Health Buildings Financing Agency unanimously approved amendments to Gifford Medical Center's direct-placement bond financing with JPMorgan Chase Bank, N.A. The approximately $12.5 million refinancing extends the tender date to April 1, 2027, requires a $1.0 million closing paydown and additional monthly paydowns, and changes the bond's final maturity to February 1, 2035.
Jpmorgan Chase Bank N.A. holds this financial services contract with Vermont Educational and Health Buildings Financing Agency | State of Vermont. Its other public contracts on record include work for Housing Finance Authority of Miami-Dade County and City of Stevens Point.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $12.5 million issue amount; required $1.0 million principal paydown at closing plus additional monthly principal paydowns
- Document date
- March 26, 2026
- Term
- One-year extension/refinancing; tender date changed from April 1, 2026 to April 1, 2027; final maturity changed from April 1, 2036 to February 1, 2035
- Renews
- On record
- Vendor
- Jpmorgan Chase Bank N.A.
- Source document
- Vermont Educational and Health Buildings Financing Agency Minutes Board Meeting March 26, 2026 (Minutes)
Jpmorgan Chase Bank N.A.'s other public contracts
More Vermont Educational and Health Buildings Financing Agency | State of Vermont contracts
Questions about this contract
Who was awarded the financial services contract by Vermont Educational and Health Buildings Financing Agency | State of Vermont?
Jpmorgan Chase Bank N.A. was awarded this financial services contract by Vermont Educational and Health Buildings Financing Agency | State of Vermont, as recorded on March 26, 2026. The contract value is Approximately $12.5 million issue amount; required $1.0 million principal paydown at closing plus additional monthly principal paydowns.
How much is the Jpmorgan Chase Bank N.A. contract with Vermont Educational and Health Buildings Financing Agency | State of Vermont worth?
The Jpmorgan Chase Bank N.A. contract with Vermont Educational and Health Buildings Financing Agency | State of Vermont is valued at Approximately $12.5 million issue amount; required $1.0 million principal paydown at closing plus additional monthly principal paydowns, 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 Vermont Educational and Health Buildings Financing Agency Minutes Board Meeting March 26, 2026 (Minutes), dated March 26, 2026 from Vermont Educational and Health Buildings Financing Agency | State of Vermont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jpmorgan Chase Bank N.A. hold?
Jpmorgan Chase Bank N.A. 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 Vermont Educational and Health Buildings Financing Agency | State of Vermont currently buying?
Explore Vermont Educational and Health Buildings Financing Agency | State of Vermont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.