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SFCTA authorizes up to $60 million borrowing under revolving credit agreement with U.S. Bank

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Summary

The board authorized borrowing up to $60 million under the amended and restated revolving credit agreement with U.S. Bank National Association, a short-term financing facility SFCTA may draw as soon as November 2025 to meet capital cashflow needs.

The San Francisco County Transportation Authority on Oct. 7 authorized borrowing of up to $60 million under its amended and restated $185 million revolving credit agreement with U.S. Bank National Association.

Cynthia Fong, deputy director for finance and administration, said the authority…

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