Chicago City Wire

FOIA Request to City of Chicago Department of Finance regarding loan agreements with RBC Capital Markets on October 16, 2025.

A Freedom of Information Act (FOIA) request was submitted to the City of Chicago Department of Finance by Chicago City Wire. The request seeks detailed records related to financial transactions between the City of Chicago and RBC Capital Markets. Specifically, the request calls for any loan agreements, promissory notes, credit agreements, or related financial instruments concerning loans amounting to $100 million. These funds are noted as being allocated for necessary expenses incurred for the general corporate purposes of the city.

Additionally, the request asks for schedules, amendments, or attachments that detail interest rates, repayment terms, covenants, maturity dates, or disbursement conditions associated with these loans. The information is requested in electronic format to facilitate efficient analysis and reporting.

The requester identifies as a member of The Coalition Opposing Governmental Secrecy, a non-profit organization dedicated to promoting transparency in government actions through the use of FOIA and Sunshine Laws. The organization assists media companies and public advocacy groups in investigating governmental agencies at both state and federal levels.

Chicago City Wire has requested a fee waiver for this FOIA submission due to its role in gathering and disseminating news to the public. This waiver is sought under provisions applicable to media professionals who serve the public interest by holding governmental institutions accountable.

Our team will continue to keep you updated as we gather and report news related to this request and other matters of public interest. Please feel free to reach out if you have any questions or need further clarification regarding this matter.