Commercial Paper and Direct Revolving Loan Facilities Credit Services

The District of Columbia Water and Sewer Authority is seeking financial institutions to provide financing capacity through credit facilities. The authority requires credit services for commercial paper and direct revolving loan facilities of up to $700 million. This procurement aims to secure Letters of Credit for Commercial Paper and direct revolving loan facilities to support the authority's financial operations. Eligible bidders must be onshore organizations located exclusively in the United States. The selected financial institution will perform all work offsite at the vendor's own office location. The authority is currently looking for proposals and has not disclosed a specific budget beyond the maximum $700 million facility capacity. Interested institutions must submit all questions regarding this opportunity no later than June 2, 2026. The authority will evaluate proposals based on the ability of the institutions to provide the requested financing capacity and credit services. Specific evaluation criteria and final proposal submission deadlines will be detailed in the solicitation documents.