Texas Transportation Commission Grand Parkway Transportation Corporation
2021 First Tier TIFIA Loan Agreement
$605,330,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- February 1, 2023
- Fiscal year issued
- 2023
- Par amount
- $605,330,000
- New money / refunding
- $0 / $605,330,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- Grand Parkway Transportation Corp
- Sale
- Private placement
- Final maturity
- August 31, 2053
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $605,330,000 | $279,495,450 | $884,825,450 |
| 2025 | Period 1 | $605,330,000 | $279,495,450 | $884,825,450 |
| 2024 | Year end | $605,330,000 | $279,495,450 | $884,825,450 |
| 2024 | Period 1 | $605,330,000 | $279,495,450 | $884,825,450 |
| 2023 | Year end | $605,330,000 | $279,495,450 | $884,825,450 |
| 2023 | Period 1 | $605,330,000 | $279,495,450 | $884,825,450 |
State issues are reported twice each fiscal year. "Year end" is the balance at the end of the fiscal year (reporting period 2), which the totals on this site use; "Period 1" is the earlier report in the same year.
Costs of issuance
Download CSVOne-time costs reported: $760,753, or $1.26 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $9,500.00 | $0.02 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $417,102.50 | $0.69 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $34,945.58 | $0.06 |
| Other costs | Not reported | One time | $80,732.75 | $0.13 |
| Other costs | Mayer Brown LLP | One time | $97,472.55 | $0.16 |
| Rating agency | Fitch | One time | $10,000.00 | $0.02 |
| Rating agency | Moodys | One time | $111,000.00 | $0.18 |
Source: State Issuance Fee By Year (updated by the publisher Aug 27, 2026); Debt Outstanding By Issuance State By Year (updated by the publisher Aug 26, 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.