1. During the week of December 5, 2022, there will be a remarketing of $148.47 million TBTA General Revenue Variable Rate Refunding Bonds, Series 2018E (Federally Taxable). The bonds are currently supported by a Letter of Credit (LOC) with Bank of America, N.A., which will be substituted with a new LOC from UBS AG. The bonds are expected to remain in a Weekly Mode. The Remarketing Agent will be UBS. A Remarketing Circular will be available in early December.
2. During the week of December 5, 2022, there will be a competitive pricing of approximately $775 million TBTA Payroll Mobility Tax Bond Anticipation Notes (BANs), Series 2022B. The PMT BANs are anticipated to be issued as two-year BANs, and will be used to retire existing Transportation Revenue BANs, Subseries 2020A-1 that mature on February 1, 2023. A Preliminary Offering Memorandum will be available in early December.
Note about disclosure documents
A posted preliminary disclosure document for a bond or note transaction will be replaced with the final disclosure document once the bonds or notes are sold. The final disclosure document will contain updates to the preliminary disclosure document, including applicable pricing information. Final disclosure documents can be found below under the heading “Official Statements and Remarketing Circulars,” as well as on EMMA for the specific CUSIP.