SMART TRAIN REFINANCING SUCCESS IN SAN FRANCISCO BAY AREA

The SMART (Sonoma-Marin Area Rail Transit) agency in North Bay successfully refinanced its new transit systems construction project. The SMART transit agency sold $122.97 million in Green Bonds regarding therein project outstanding debt with savings for available pricing bonds in the market. The SMART refinancing bond approach was rated AA with a designation under GBP (Green Bond Principles) standards and aligned with environmentally beneficial projects. The transit agency's refinancing success was completed on a taxable status to reduce annual payments for nine years, and new debt will eliminate the escalation of payments with savings. It will create annual savings of $3.47 million in debt services with supportive revenues for operating costs - visit www.sonomamarintrain.org for more information and updates.

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2016 S-Class Mercedes: