North Texas Tollway Authority
Strategic Refinancing Plan
Award Category:
Administration & Finance
Award Year:
2020
North Texas Tollway Authority
Award Category:
Administration & Finance
Award Year:
2020
The North Texas Tollway Authority (NTTA) was created in 1997 by the State of Texas to help address the transportation needs in the region. With this authority, NTTA issued a significant amount of debt, sometimes in unattractive market conditions to finance and construct essential projects. In evaluating the $9.5B debt portfolio, NTTA developed a Strategic Refinancing Plan ("Plan") to capitalize on the historically low interest rate environment in recent years. The Plan was designed as a multi-year approach to strategically and methodically refund eligible debt, flattening NTTA's escalating debt curve.
