|
Toledo Port Authority Bond Fund – Fixed Interest
Rate Bond Program
|
Loan
Amounts: $1,000,000
to $8,000,000
Rate: Market based on BBB+ investment grade rating
Terms: Based on life of assets (7-20 years)
|
Finance
up to 90% of costs of fixed assets such as land, building,
machinery or equipment
|
For
projects that enhance, foster, aid, provide or promote transportation,
economic development, housing, recreation, education, governmental
operations, culture or research.
|
Toledo Port Authority
Jerry
Arkebauer, V.P. of Finance & Strategic Initiatives
419-243-8251
|
|
Toledo Port Authority Stand-Alone Bond Issues
Off
Balance Sheet Lease Financing
|
Minimum
project size of $5,000,000
|
Port
Authority finances, constructs, acquires and owns facility
and leases to qualified Company. Port
Authority ownership can exempt construction materials from
state sales tax.
|
Contact Port Authority
|
Toledo Port Authority
Jerry
Arkebauer, V.P. of Finance & Strategic Initiatives
419-243-8251
|
|
Toledo Port Authority Stand-Alone Bond Issues
Operating
Lease Financing
|
Variable
|
Provides
for off balance sheet financing in which Company has a fixed
price purchase option at the end of the lease
|
Contact Port Authority
|
Toledo Port Authority
Jerry
Arkebauer, V.P. of Finance & Strategic Initiatives
419-243-8251
|
|
Toledo Port Authority Stand-Alone Bond Issues
Conduit
|
variable
|
Loan
agreement or capital lease financing in which the borrower
makes payments to pay debt service on Port Authority’s revenue
bonds.
|
Contact Port Authority
|
Toledo Port Authority
Jerry
Arkebauer, V.P. of Finance & Strategic Initiatives
419-243-8251
|
