RFP solicitation from the Regional Transportation Authority of Northeastern Illinois (RTA) for a $150 million Subordinated Working Cash Notes facility

RFP solicitation from the Regional Transportation Authority of Northeastern Illinois (RTA) for a $150 million Subordinated Working Cash Notes facility.  RTA is flexible on structuring options as long as it meets its parameters, as laid out in the RFP. Given board and other Notice deadlines, there is a fairly tight time frame for responses to the RFP of March 17, 2020, in order to make sure that the RTA has all necessary approvals in place for a May 4th, 2020 Closing.

We are asking that you email Sycamore no later than 5pm CT on Wednesday, March 4th, 2020 indicating your intent to respond to the RFP, along with any questions you wish to pose.  A consolidated version of all questions received along with answers, will be circulated by email to all Proposers who have indicated an intent to respond to the RFP. 

As always, the RTA appreciates your interest and encourages your firm’s participation.   Please note that questions as well as notice of an intent to respond to the RFP are due to Sycamore by March 4th.

The Deadline for responses to the “RFP for $150M Revolving Direct Purchase, Revolving Line of Credit, or Capital Market Solution for General Obligation Subordinate Working Cash Notes, Series 2020A (Taxable)” has been extended until Tuesday, March 17th at noon CST.