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LCRA TSC authorizes staff to negotiate up to $100 million private note with Frost Bank
Summary
The LCRA Transmission Services Corporation board authorized staff to negotiate a note purchase agreement with Frost Bank for up to $100 million (Series F private note program) to supplement existing short‑term debt facilities; the three‑year facility would reset monthly with initial market quotes around 4.5 percent.
The LCRA Transmission Services Corporation board authorized staff Wednesday, February 2025, to negotiate a Series F private note purchase agreement with Frost Bank for an amount up to $100 million.
The board approved creating the private note program to complement existing TSC short‑term debt facilities, which the presenter said total $450,000,000. Staff said the short‑term facilities provide initial…
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