San Antonio Water System

San Antonio Water System (“SAWS”) is soliciting responses to this Request for Proposals (RFP) from individual banks or a syndicate of banks willing to provide liquidity in an amount not less than$100,000,000 with a preferred amount of $200,000,000 or more to serve as liquidity facility provider for a Tax-Exempt Commercial Paper (“TECP”) Program that has a total capacity of $500,000,000. SAWS has liquidity support for this program in the amount of $100,000,000 through January 15, 2021 and is now soliciting one or more providers of liquidity support for up to the remaining $400,000,000 in program capacity.  Selection will require services to be performed by the selected qualified bank or banks.

SAWS will use either multiple series of Tax-Exempt Commercial Paper notes with separate (but identical for key terms) Revolving Credit Agreements (“RCA”), or one RCA for all $400 million with a lead arranger.  If separate series, SAWS will intend to negotiate one basic form of credit agreement with a single bank counsel representing all selected banks for the full $400 million program.