Texas Transportation Commission Private Activity Bond Surface Transportation Corporation
Senior Lien Rev Ref Bonds (NTE Mobility Partners Segments 3 LLC) Ser 2023
$265,850,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- November 20, 2023
- Fiscal year issued
- 2024
- Par amount
- $265,850,000
- New money / refunding
- $0 / $265,850,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- Texas PAB Surface Transportation Corp
- Sale
- Negotiated
- Final maturity
- June 30, 2043
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $265,850,000 | $195,625,650 | $461,475,650 |
| 2025 | Period 1 | $265,850,000 | $202,743,281 | $468,593,281 |
| 2024 | Year end | $265,850,000 | $209,860,913 | $475,710,913 |
| 2024 | Period 1 | $265,850,000 | $218,599,782 | $484,449,782 |
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: $2,697,632, or $10.15 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 | $292,116.00 | $1.10 |
| Disclosure counsel | Winston & Strawn | One time | Not reported | |
| Escrow agent | Bingham Arbitrage Rebate Services Inc | One time | $1,800.00 | $0.01 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $51,894.00 | $0.20 |
| Financial advisor | KPMG LLP | One time | Not reported | |
| Financial advisor | Sperry Capital | One time | Not reported | |
| Issuer counsel | Nossaman LLP | One time | Not reported | |
| Paying agent and registrar | Citibank NA | One time | Not reported | |
| Printing | ImageMaster LLC | One time | $6,675.00 | $0.03 |
| Rating agency | Fitch | One time | $200,000.00 | $0.75 |
| Rating agency | Moodys | One time | $229,960.00 | $0.87 |
| Underwriter's spread: expenses | Not reported | One time | $301,437.00 | $1.13 |
| Underwriter's spread: takedown | Not reported | One time | $1,329,250.00 | $5.00 |
| Trustee | Citibank NA | One time | Not reported | |
| Trustee counsel | Holland & Knight LLP | One time | $25,000.00 | $0.09 |
| Underwriter's counsel (paid by the underwriter) | Nixon Peabody LLP | One time | $250,000.00 | $0.94 |
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.