What Are Letter of Credit Drawdowns? Most federal awards are letter of credit type awards. This means the way the university receives payment from these federal agencies are from drawdowns. There is ...

Harvard took out a $36 million standby letter of credit from Bank of America last month after the Department of Education placed the University on stricter financial oversight this fall.

The foundation building Washington's Martin Luther King Jr. National Memorial announced yesterday that the Wal-Mart Foundation has provided a $12.5 million letter of credit to help begin construction ...

This alert is meant to supply some valuable information for landlords that currently hold tenant letters of credit from Silicon Valley Bank (“SVB”). As a result, SVB’s executory letters of credit may ...

NEW YORK--(BUSINESS WIRE)--Vanbridge, an EPIC company (Vanbridge), a diversified insurance and capital solutions firm and GreensLedge, a global investment banking and advisory firm, announced today ...