WSU Tech Plans NCAT Bond With Commerce Bank
Wichita State University-Campus Of Applied Sciences And TechnologyHigher Ed · Wichita, KS- Disclosed value
- $25–30M
- From minutes
- Document date
- Aug 21, 2025
The 30-second brief
WSU Tech is negotiating a direct placement bond issuance of approximately $25–30 million with Commerce Bank to finance the NCAT expansion. The proposed 8.5-year financing includes covenants on debt service coverage, liquidity, and additional debt restrictions, with formal board approval targeted for early September.
Commerce Bank holds this financial services contract with Wichita State University-Campus Of Applied Sciences And Technology. Its other public contracts on record include work for City of Pittsburg and City of Dickinson.
Term as filed: 8.5 years, UST + 1.65% (≈5.75% as of Aug. 5, 2025).
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Contract details
- Contract type
- Financial Services
- Amount
- $25–30M
- Document date
- August 21, 2025
- Term
- 8.5 years, UST + 1.65% (≈5.75% as of Aug. 5, 2025)
- Vendor
- Commerce Bank
- Source document
- WSU Tech Board of Trustees Board Minutes 2025-08-21 (Minutes)
Commerce Bank's other public contracts
More Wichita State University-Campus Of Applied Sciences And Technology contracts
Questions about this contract
Who was awarded the financial services contract by Wichita State University-Campus Of Applied Sciences And Technology?
Commerce Bank was awarded this financial services contract by Wichita State University-Campus Of Applied Sciences And Technology, as recorded on August 21, 2025. The contract value is $25–30M.
How much is the Commerce Bank contract with Wichita State University-Campus Of Applied Sciences And Technology worth?
The Commerce Bank contract with Wichita State University-Campus Of Applied Sciences And Technology is valued at $25–30M, 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 WSU Tech Board of Trustees Board Minutes 2025-08-21 (Minutes), dated August 21, 2025 from Wichita State University-Campus Of Applied Sciences And Technology. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Commerce Bank hold?
Commerce 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 Wichita State University-Campus Of Applied Sciences And Technology currently buying?
Explore Wichita State University-Campus Of Applied Sciences And Technology's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.