Investor Relations

A summary of the outstanding Grand Parkway System toll revenue obligations issued by the Grand Parkway Transportation Corporation is listed in the table below. The Corporation also has received federal government financing under the Transportation Infrastructure Finance and Innovation Act (TIFIA). The TIFIA loan and related Second Tier Note closed on Feb. 6, 2014, and a disbursement of the loan proceeds was made on Dec. 13, 2016. The TIFIA loan does not represent new project debt. All of these obligations may be used to fund the construction of the initial Grand Parkway System, and some may be used for the development of additional segments.

The outstanding obligations of the Corporation are not obligations of the Texas Department of Transportation (TxDOT) or the Texas Transportation Commission. The outstanding Series 2013B, 2013E, and 2016 obligations are supported by a toll equity loan agreement (TELA) with TxDOT. This means TxDOT has committed to make a loan available based on the amount of eligible costs incurred on the project in the event the revenues of the project are insufficient to satisfy debt service on the TELA-supported bonds, certain operation and maintenance costs and certain major maintenance costs. Advances by TxDOT under the TELA are subject to legislative appropriation and certain other limitations.

Grand Parkway System Toll Revenue Obligations

Series CUSIP (base no.) Principal Amount Issued (in thousands)3 Fitch Moody's S&P Official Statement
TIFIA Loan/Second Tier Note n/a $840,645 BBB+ Not Rated BBB n/a2
20161 38611T $83,775 Not Rated Not Rated AA+ n/a2
2013A 38611T $200,000 BBB+ Not Rated BBB *2013 OS*
2013B1 38611T $1,414,935 AA- Not Rated AA+ *2013 OS*
2013E1 38611T $361,810 AA- Not Rated AA+ *2013 OS*

1 Debt supported by the TELA.
2 Privately placed debt and does not have an Official Statement. Please see voluntary disclosure regarding the GPTC 2016 private placement and TIFIA draw.
3 Excludes accreted interest on capital appreciation bonds.

Disclaimer

Each document contained in this section of the Corporation’s website is marked with a date and speaks only as of that date. Except as otherwise disclosed in any official statement or other document, the Corporation expressly disclaims any duty to update any document (or any portion of any document) contained in this section. The information and documents in this section are provided for informational purposes only, and must not be considered to be an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

For official statements and more information, see the issuer's homepage on Electronic Municipal Market Access.