MARTA is doing some fancy financing to save money.

The transit agency’s Board of Directors voted this week to replace $176.8 million in variable rate bonds with a combination of fixed rate bonds and a new issue of $117.5 million in variable rate bonds.  

The two transactions will reduce MARTA’s variable rate debt by $59.3 million, lower annual interest costs by $171,000 and provide $1.2 million in net present value savings, MARTA General Manager & CEO Jeffrey Parker said.

“We are very proud…

Atlanta Business Journal
New MARTA financial transactions will reduce debt

Stay Current On Entrepreneurship

One email per week, all the latest content from the top rising business owners