The Santa Clara Valley Water District (Valley Water): Notice of LOC Solicitation

The Santa Clara Valley Water District (Valley Water) is soliciting proposals from banks to provide credit support for up to $200 million of taxable and tax-exempt commercial paper notes in the form of a direct-pay letter of credit (LOC). The solicitation is expected to be released on June 12, 2024, and proposals are due on July 3, 2024. Valley Water expects to seek Board approval on October 22, 2024 and execute the LOC agreement on December 9, 2024.

For general information about Valley Water, visit http://www.valleywater.org. For financial and
operational information about Valley Water, visit https://www.valleywater.org/how-we-operate/finance-budget and https://www.valleywater.org/how-we-operate/finance-budget/investor-relations.

Any Financial Institutions interested in submitting a proposal in response to the RFP MUST submit their request via email only to Charlene Sun at csun@valleywater.org and Edmund Soong at esoong@pragadvisors.com in order to receive a link to download the RFP documents.

All inquiries and submittals regarding this RFP MUST be directed via email only to Charlene Sun at csun@valleywater.org and Edmund Soong at esoong@pragadvisors.com.