Sound Transit Biddingo #RTA/RP 0115-26

Debt financial advisory services for Sound Transit’s debt program

Sound Transit is seeking a financial advisor to support its debt financing program and ongoing debt management. - Government buyer: Sound Transit, also identified as the Central Puget Sound Regional Transit Authority, serving King, Pierce, and Snohomish counties. The solicitation identifies Kiyomi Nuez as a Contracts Analyst. - Scope: Advise on capital-project financing, debt strategy, timing, instruments, structure, refinancing, and financing terms; support debt issuance and remarketing, underwriter selection and fee negotiations, rating agency presentations, debt-service schedules, and closing. - Financing and related work: Advise on commercial paper, bank revolvers, bonds, TIFIA and RRIF loans, public-private partnerships, Master Credit Agreements, swaps and derivatives, liquidity and credit support, investment of debt proceeds, verification agents, and defeasance escrow providers. - Ongoing support: Provide post-issuance compliance and disclosure, asset-liability management, quarterly meetings, and long-term debt planning and modeling. Work is authorized through task orders. - Scale and pricing: The anticipated long-term debt program is approximately $30 billion, with projected annual debt issuance of $1–2 billion during a future multi-year period. Proposals must price applicable debt issuance types and provide fully burdened hourly rates for four advisory roles. - Requirements: The small-business goal is 0% of total proposed price, but proposers must submit a digital DBE/Small Business Utilization Plan. The solicitation also emphasizes EEO and non-discrimination requirements. - Term: Three-year base contract with up to three one-year extensions, for a potential total of six years. - OEMs and vendors: No product manufacturers or advisory firms are named as proposed vendors in the solicitation.

Description

Sound Transit is requesting proposals from firms to provide debt financial advisory services for the issuance and ongoing management of the agency’s debt obligations. Services include advising on proposed capital project financing and developing solutions to Sound Transit’s funding requirements to achieve advantageous financing terms. The full scope of work is identified as Exhibit B, Scope of Work in the RFP. The contract term is three years, with up to three additional one-year extensions at Sound Transit’s sole discretion.

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