Texas Transportation Commission Private Activity Bond Surface Transportation Corporation
Sr Lien Rev Bonds (NTE Mobility Partners LLC North Tarrant Express Project) Ser 2023
$397,315,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- August 11, 2023
- Fiscal year issued
- 2023
- Par amount
- $397,315,000
- New money / refunding
- $397,315,000 / $0
- Pledge
- Revenue
- Purpose
- Transportation
- Program
- Texas PAB Surface Transportation Corp
- Sale
- Negotiated
- Final maturity
- August 31, 2059
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $397,315,000 | $665,837,975 | $1,063,152,975 |
| 2025 | Period 1 | $397,315,000 | $676,764,138 | $1,074,079,138 |
| 2024 | Year end | $397,315,000 | $687,690,300 | $1,085,005,300 |
| 2024 | Period 1 | $397,315,000 | $698,616,463 | $1,095,931,463 |
| 2023 | Year end | $397,315,000 | $707,114,589 | $1,104,429,589 |
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: $4,240,642, or $10.67 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 | $470,605.00 | $1.18 |
| Co bond counsel | Nossaman LLP | One time | Not reported | |
| Co financial advisor | Estrada Hinojosa & Co Inc | One time | $51,072.00 | $0.13 |
| Co financial advisor | KPMG LLP | One time | $55,684.00 | $0.14 |
| Disclosure counsel | Gibson Dunn | One time | Not reported | |
| Escrow verification | Sperry Capital | One time | $6,000.00 | $0.02 |
| Paying agent and registrar | Citibank NA | One time | Not reported | |
| Printing | ImageMaster LLC | One time | $5,997.00 | $0.02 |
| Rating agency | Fitch | One time | $304,905.00 | $0.77 |
| Rating agency | Moodys | One time | $414,550.00 | $1.04 |
| Underwriter's spread: expenses | Not reported | One time | $480,754.00 | $1.21 |
| Underwriter's spread: takedown | Not reported | One time | $1,986,575.00 | $5.00 |
| Trustee | Citibank NA | One time | Not reported | |
| Trustee counsel | Holland & Knight LLP | One time | $30,000.00 | $0.08 |
| Underwriter's counsel (paid by the underwriter) | McGuire Woods LLP | One time | $425,000.00 | $1.07 |
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.