Texas Transportation Commission Grand Parkway Transportation Corporation
Sub Tier Toll Rev Ref Put Bonds Ser 2023
$263,225,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- August 16, 2023
- Fiscal year issued
- 2023
- Par amount
- $263,225,000
- New money / refunding
- $0 / $263,225,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- Grand Parkway Transportation Corp
- Sale
- Negotiated
- Final maturity
- October 1, 2052
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $263,225,000 | $294,709,875 | $557,934,875 |
| 2025 | Period 1 | $263,225,000 | $301,290,500 | $564,515,500 |
| 2024 | Year end | $263,225,000 | $307,871,125 | $571,096,125 |
| 2024 | Period 1 | $263,225,000 | $314,451,750 | $577,676,750 |
| 2023 | Year end | $263,225,000 | $316,096,906 | $579,321,906 |
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: $1,998,884, or $7.59 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 | $0.04 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $309,258.00 | $1.17 |
| Contingency | Not reported | One time | $50,862.00 | $0.19 |
| Co underwriter counsel (paid by the underwriter) | Cantu Harden Montoya LLP | One time | $20,000.00 | $0.08 |
| Disclosure counsel | Bracewell LLP | One time | $355,000.00 | $1.35 |
| Escrow agent | US Bank | One time | $1,400.00 | $0.01 |
| Escrow verification | Robert Thomas CPA LLC | One time | $1,750.00 | $0.01 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $214,922.00 | $0.82 |
| Other costs | Mayer Brown LLP | One time | Not reported | |
| Paying agent and registrar | US Bank | One time | Not reported | |
| Printing | ImageMaster LLC | One time | $7,500.00 | $0.03 |
| Rating agency | Fitch | One time | $95,000.00 | $0.36 |
| Rating agency | Moodys | One time | $102,000.00 | $0.39 |
| Underwriter's spread: expenses | Not reported | One time | $117,079.00 | $0.44 |
| Underwriter's spread: takedown | Not reported | One time | $658,063.00 | $2.50 |
| Trustee | US Bank | One time | $6,550.00 | $0.02 |
| Underwriter's counsel (paid by the underwriter) | Locke Lord LLP | One time | $50,000.00 | $0.19 |
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.