Investor Relations
The outstanding Grand Parkway System toll revenue obligations issued by the Grand Parkway Transportation Corporation (Corporation) are listed in the table below.
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, 2016, 2018A, 2018B, and 2020B obligations are supported by a toll equity loan agreement (TELA) between the Corporation and TxDOT. This means TxDOT has committed to make a loan available in respect of certain project costs, certain operation and maintenance costs, and certain major maintenance costs in the event the revenues of the project are insufficient for those purposes and satisfying debt service on the TELA-supported bonds. Advances by TxDOT under the TELA are subject to legislative appropriation and certain other limitations.
The Corporation has received federal government financing under the Transportation Infrastructure Finance and Innovation Act (TIFIA). A TIFIA loan (2014 TIFIA Loan) and related Second Tier Note closed on Feb. 6, 2014, and TIFIA disbursed the loan proceeds to TxDOT on Dec. 13, 2016. The Corporation prepaid the 2014 TIFIA in full on Feb. 27, 2020. The Corporation closed a second TIFIA loan (2019 TIFIA Loan) and related First Tier Note on Feb. 21, 2019, which the Corporation replaced with a TIFIA loan that closed on Aug. 19, 2021 (2021 TIFIA Loan). The Corporation anticipates that it will draw 2021 TIFIA Loan proceeds to pay off the Corporation's 2018 Bond Anticipation Notes.
Grand Parkway System Toll Revenue Obligations
| Series | CUSIP (base no.) | Fitch | Moody's | S&P | Official Statement |
| 2020A | 38611T | A+ | A2 | Not Rated |
 |
| 2020B1 | 38611T | AA | Aa1 | Not Rated |
|
| 2020C | 38611T | A+ | A2 | Not Rated |
|
| 2018A1 | 38611T | AA | Not Rated | AA+ |
|
| 2018B1 | 38611T | AA | Not Rated | AA+ |
|
| 2018 Bond Anticipation Notes2 | 38612P | A+ | Not Rated | BBB |
|
| 20161 | 38611T | Not Rated | Not Rated | AA+ | n/a3 |
| 2013A | 38611T | A+ | Not Rated | BBB |
|
| 2013B1 | 38611T | AA | Not Rated | AA+ |
|
| 2013E1 | 38611T | AA | Not Rated | AA+ |
|
1 Debt supported by the TELA.
2 Secured by a separate Trust Agreement from the Trust Estate that has been established to secure all the other obligations of the Corporation.
3 Privately placed debt and does not have an Official Statement.
Please see voluntary disclosure regarding the GPTC 2016 private
placement.
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.