Texas Capital Bank Loan Terms Extended & Modified

Scope & details

The full contract record, as filed.

Contract amount

$41,100,000.00 original principal; $184,950 extension fee (paid $82,200 at execution and $102,750 if loan outstanding on February 26, 2027)

Contract type

FINANCIAL_SERVICES

Contract term

Note maturity extended to February 26, 2028; mini-perm maturity date twelve months following Initial Maturity Date

Renewal date

2028-02-26

Renewal

Loan maturity previously set for March 26, 2026 is extended to February 26, 2028, and any prior borrower option to extend beyond that date is terminated and replaced with a new extension option detailed in Schedule I. Mini-perm period and related covenants are updated, including new debt yield and cash sweep provisions, and the loan documents were previously modified by a February 26, 2026 letter agreement.

Document type

Agenda

Source document

Garland Public Facility Corporation Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Garland city?

Texas Capital Bank was awarded this financial services contract by City of Garland city, as recorded on April 3, 2026. The contract value is $41,100,000.00 original principal; $184,950 extension fee (paid $82,200 at execution and $102,750 if loan outstanding on February 26, 2027).

How much is the Texas Capital Bank contract with City of Garland city worth?

The Texas Capital Bank contract with City of Garland city is valued at $41,100,000.00 original principal; $184,950 extension fee (paid $82,200 at execution and $102,750 if loan outstanding on February 26, 2027), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Garland Public Facility Corporation Meeting Agenda April 2026 (Agenda), dated April 3, 2026 from City of Garland city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Texas Capital Bank hold?

Texas Capital Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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