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Texas A&M System Regents Learn Reduced Financing Costs For Kyle Field Expansion And Approve $1.4 Billion In New Bonds

This month’s meeting of the Texas A&M system board of regents approving two bond issues totaling almost $1.4 billion dollars.

Regents also learned from the system’s chief financial officer, Maria Robinson, of last month’s refinancing of the remaining debt to pay for the Kyle Field expansion.

Robinson said refinancing generate a savings of $34 million dollars between 2020 and 2043.

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Robinson said of the new bonds approved by the regents, up to $917 million dollars can be spent on refinancing existing projects at lower interest rates. The remaining $460 million in new debt will pay for new projects around the A&M system.

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Posted by on Aug 21 2019. Filed under Featured Stories, Local News for Newsletter, News.
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