Financing for ESCO

The University of Florida is seeking financing for Energy Service Contract (ESCO) projects, with a total project cost of $93,107,323. The contract has a term of 17 years and includes a guarantee that the annual cost savings will meet or exceed the annual cost of the financing payments. The University is looking for firms to finance up to $90 million in project costs, with an option to renew the contract for up to two additional one-year periods. The contract includes a fixed-rate-to-maturity, semi-annual tax-exempt interest rate structure, with a term of approximately 17 years. The University is rated "Aa1" by Moody's Investor Services, "AA+" by Standard & Poor's, and "AA+" by Fitch's Investor Service. • The contract includes a guarantee that the annual cost savings will meet or exceed the annual cost of the financing payments • The University is looking for firms to finance up to $90 million in project costs • The contract has a term of 17 years • The contract includes a fixed-rate-to-maturity, semi-annual tax-exempt interest rate structure • The University is rated "Aa1" by Moody's Investor Services, "AA+" by Standard & Poor's, and "AA+" by Fitch's Investor Service