Credit facilities and bond purchase prequalification

Solicitation #50433. Issued by Finance. Request for Qualifications (RFQ): 50433 Title: RFQ 50433 - Credit and/or Liquidity Facilities and/or Making a Direct Purchase of Bonds

Summary of Scope of Work: The Airport seeks to pre‑qualify commercial banks and other financial institutions (“Proposers”) interested in (1) providing credit and/or liquidity facilities (“Facilities”) to support the Commission’s issuance of San Francisco International Airport bonds and commercial paper notes (“Bonds”), and/or (2) directly purchasing Bonds. This request is intended to determine your interest in being considered for inclusion in the pool of qualified Proposers and to obtain information regarding your current ratings.

Airport shall evaluate Proposals to create a Prequalified Pool of Proposers (“Prequalified Pool”). Proposers prequalified under this RFQ are not guaranteed a contract. The City may use the Prequalified Pool, at its sole and absolute discretion, on an as-needed basis.

Proposers meeting the Minimum Qualifications shall be added to the Prequalified Pool and eligible for potential contract negotiations (“Resulting Contract”) with the City, on an as-needed basis. A Prequalified Pool list is valid for 2 years, but may be extended for up to 2 additional years if re-opened by City in accordance with Section 21.4 of the San Francisco Administrative Code.

Submissions may be accepted and evaluated on a rolling basis throughout the life of the Pool. However, to maximize eligibility for upcoming opportunities, Providers are strongly encouraged to respond by the initial deadline indicated in the Timeline of this solicitation. Providers submitting after the initial deadline must still be approved by the Commission before being added to the Pool and may experience delays that limit their ability to participate in time-sensitive opportunities.

While ongoing submissions may be considered, no new applications will be accepted within two (2) months of the Pool’s final expiration date.

Once the Pool is established, the Commission may contact Pre-Qualified Providers as needed to assess their interest and capacity to offer Credit Facilities or make direct purchases of specific proposed Bonds. Engagements will be negotiated on mutually acceptable terms and conditions. Pre-qualification does not guarantee a contract.

Anticipated Contract Term: A Resulting Contract awarded to the Prequalified Pool shall be non-exclusive, with an original term to be determined at the time of Contract award based on the Airport’s business needs, but shall not exceed ten (10) years.

Contract Administrator: Matthew Lau (on the official posting)