LCRA TSC board authorizes up to $100 million note purchase agreement with U.S. Bank
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Summary
The LCRA Transmission Services Corporation board approved authorization to enter a note purchase agreement with U.S. Bank for an amount not to exceed $100,000,000 and to extend the current facility for up to three years; the existing facility expires May 2026.
The LCRA Transmission Services Corporation board voted Feb. 18 to authorize staff to enter a note purchase agreement with U.S. Bank for an amount not to exceed $100,000,000 and to extend the current facility for up to three years.
Staff explained the authorization will extend an existing note facility that is set to expire in May 2026 and that the authorization is companion to an item previously approved by LCRA. The presentation did not include additional financing terms; staff told the board details have been discussed in prior sessions.
A board member moved approval and the motion was seconded; the board approved the authorization by voice vote. The transcript does not record a roll‑call tally or the names of the mover/second. Staff indicated the authorization would allow execution of the purchase agreement and any related documents required to implement the facility as previously described to the board.
No additional conditions or amendments were recorded in the meeting transcript.