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SFPUC secures BMO credit facility to support wastewater interim funding program
Summary
Commission approved a package of documents for a $150 million aggregate revolving credit and term loan with BMO Bank to support wastewater interim funding and the commercial paper program; staff said the three-year facility carries a fee of ~0.31% and will allow deferral of bond issuance.
San Francisco — The San Francisco Public Utilities Commission approved a revolving credit and term loan agreement with BMO Bank and related documents to support the wastewater interim funding program, the commission was told.
Staff presented the package as part of the utility’s broader interim funding strategy designed to delay…
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