MARTA Business Management Committee Meeting Minutes April 23, 2026
TD Bank Chosen for MARTA 2026B VRDB Credit Facility
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Description
MARTA approved TD Bank, N.A. as credit provider for its $118 million Series 2026B Variable Rate Demand Bonds, which will refund the outstanding 2021A bonds. The Board authorized execution of a direct-pay letter of credit facility and related reimbursement agreement with a five-year mandatory refunding horizon.
Contract Details
Vendor
TD BANK N.A.
Agency
Metro Atlanta Rapid Transit Authority, GA
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Contract Term
Five (5) years (mandatory refunding in five years for $118M VRDBs)
Renewal Date
2031-05-27
Renewal Info
Series 2026B VRDBs have a mandatory refunding in five years; credit facility terms allow for ongoing remarketing with TD Bank as liquidity provider until refunding or replacement.
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