MENU
SEARCHMARTA will refund $148 million of its series 2020B and 2021D bonds, resulting in $8.2 million in net present value savings on future interest costs.
Recognizing the volatility in the financial markets, MARTA was able to leverage its strong financial positioning and high AAA credit ratings to achieve favorable borrowing conditions.
Photo: MARTA
The Metropolitan Atlanta Rapid Transit Authority (MARTA) board approved a resolution to execute financial transactions that will generate substantial savings and increase the authority’s liquidity by hundreds of millions of dollars.
MARTA will refund $148 million of its series 2020B and 2021D bonds, resulting in $8.2 million in net present value savings on future interest costs.
In addition, the board authorized the issuance of a new money bond with a par value of $328 million, resulting in MARTA receiving $350 million in funds due to market conditions.
Recognizing the volatility in the financial markets, MARTA was able to leverage its strong financial positioning and high AAA credit ratings to achieve favorable borrowing conditions.
“This transaction allows MARTA to achieve significant savings on borrowing costs while securing the necessary funding to support our operational and capital needs,” said MARTA GM/CEO Collie Greenwood. “We appreciate the prudent judgement of our board.”
MARTA successfully executed this transaction with support from PFM Financial Advisors, and a legal team from Holland & Knight LLP, Kutak Rock LLP, and Townsend & Lockett LLC.
The region’s fixed-route system finished out the year with a total of 373.5 million rides. Adding 12.3 million rides over 2024 represents an increase that is equal to the annual transit ridership of Kansas City.
Read More →
The service is a flexible, reservation-based transit service designed to close the first- and last-mile gaps and connect riders to employment for just $5 per day.
Read More →
Parsons wins the $60M Claremont Extension design contract as the Foothill Gold Line board reaffirms leadership during a pivotal project phase.
Read More →
The upgraded system, which went live earlier this month, supports METRO’s METRONow vision to enhance the customer experience, improve service reliability, and strengthen long-term regional mobility.
Read More →
The agency ranked top five among mid-sized U.S. transit systems, defined as agencies with 15 million to 50 million annual trips.
Read More →
The new program rewards B2B audience readers for engaging with trusted content and suppliers, earning them points toward events, travel, and more.
Read More →
The subway system saw increases across all key metrics, with 62% of subway riders reporting they feel satisfied with the system overall.
Read More →
The agreement provides competitive wages and reflects strong labor-management collaboration, positive working relationships, and a shared commitment to building a world-class transit system for the community, said RTA CEO Lona Edwards Hankins.
Read More →
The new contract for Keolis and VRE will commence in July 2026, with the potential to expand to 15 years.
Read More →
The priorities are outlined in the 2026 Board and CEO Initiatives and Action Plan, which serves as a roadmap to guide the agency’s work throughout the year and ensure continued progress and accountability on voter-approved transportation investments and essential mobility services.
Read More →
