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MTA Investor Information

Financing Agreements

  • On May 5, 2015, MTA entered into a financing agreement with the United States, represented by the Secretary of Transportation, acting through the Federal Railroad Administrator, to finance costs incurred by MTA in connection with the installation of the federally required Positive Train Control Systems on its commuter rail tracks. For more details, see the summary and financing agreement and the supplemental resolution that went before the MTA Board in April 2015. The approved financing is for a total of $967,100,000, and as any draws are made on the loan, the information will be added to the table below.

    RRIF Loan Draws (TRB 2015X Issuance)
    Draw Date
    Amount
    Maturity Date
    9/20/2016
    $146,472,065
    11/15/2037


  • On August 24, 2017, MTA entered into a $350 million taxable revolving credit agreement with JPMorgan Chase Bank, National Association that is active through August 24, 2022. An initial draw of $3.5 million was made upon closing. This balance will remain throughout the duration of the agreement. In the event that there are any additional draws on this line of credit, that information will be indicated below. For more information, see the credit agreement.

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