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Dallas Area Rapid Transit

Sr Lien Sales Tax Rev Bonds Txbl Ser 2018

Last reported in fiscal year 2020, with $908,000,000 of principal then outstanding.

Terms

Closing date
December 20, 2018
Fiscal year issued
2019
Par amount
$908,000,000
New money / refunding
$908,000,000 / $0
Pledge
Revenue
Purpose
Transportation
Sale
Private placement
Final maturity
June 1, 2058

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2020$908,000,000$573,080,730$1,481,080,730
2019$908,000,000$593,629,641$1,501,629,641

Costs of issuance

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One-time costs reported: $1,830,500, or $2.02 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Attorney General reviewNot reportedOne time$9,500.00$0.01
Co bond counselBracewell LLPOne timeNot reported
Co bond counselMcCall Parkhurst & Horton LLPOne time$1,175,000.00$1.29
Co bond counselWest & Associates LLPOne timeNot reported
Co financial advisorEstrada Hinojosa & Co IncOne timeNot reported
Co financial advisorPFM GroupOne time$300,000.00$0.33
Paying agent and registrarAmegy Bank of TexasOne time$1,500.00$0.00
Rating agencyKrollOne time$60,000.00$0.07
Rating agencyMoodysOne time$145,000.00$0.16
Rating agencyS&POne time$139,500.00$0.15

Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 3, 2026.

Texas fiscal years run September 1 to August 31.

Figures are as reported to the agency and have not been independently verified.