Overview

Investor Relations Overview

The Toll Roads were built with virtually no taxpayer dollars. They are primarily funded through the sale of bonds to private and institutional investors, supplemented with development fees. All toll and fee revenues go toward retiring the debt, funding additional improvements and covering costs to operate toll collection. Nonrecourse revenue bonds were sold, so taxpayers and the member agencies are not responsible for repaying the debt.


To view financial video, click here.

Latest Investor Relations News:


January 8, 2015 - At the regularly-scheduled monthly board meeting on Jan. 8, 2015, the Foothill/Eastern Transportation Corridor Agency (F/ETCA) Board of Directors voted to approve a resolution for the refunding of the 1995 Bonds. Due to the favorable current bond market, the agency has the opportunity to refund a portion of its outstanding debt and create significant savings. The refunding does not result in an increase in debt service in any year and will not extend the principal payment dates.

To read the board report in its entirety, click here.


October 22, 2014 - The San Joaquin Hills Transportation Corridor Agency today successfully refinanced $1.4 billion of its $2.2 billion in outstanding debt issued to fund construction of the 73 Toll Road. The sale is scheduled to close in early November.

To read the press statement in its entirety, click here.


October 10, 2014 - On October 9, 2014, the San Joaquin Hills Transportation Corridor Agency (the "Agency") approved a resolution authorizing the solicitation of offers from the holders of its San Joaquin Hills Transportation Corridor Agency, Toll Road Refunding Revenue Bonds, Series 1997A Capital Appreciation Bonds (the "1997A CABs") and the Toll Revenue Refunding Revenue Bonds, Series 1997A Convertible Capital Appreciation Bonds maturing in the years 2037-2038 and 2040-2042 (the "1997A CCABs," and together with the 1997A CABs, the "Target Bonds")  to tender Target Bonds for purchase by the Agency (the "Tender Offer").

To read the press statement in its entirety, click here.
To view the Letter to the Bondowners, click here.
To view the Invitation to Tender, click here.
To view Appendix A: List of Target Bonds Subject to Invitation to Tender dated 10/15/2014, click here.
To view the Revised Appendix A to Invitation to Tender, click here.
To view the Revision of Offer Price Deadline, click here.
To view the Notice of Amended Offer Prices - Appendix A, click here.


October 9, 2014 - At its regularly-scheduled monthly meeting the San Joaquin Hills Transportation Corridor Agency Board of Directors today, approved the issuance of toll road refunding revenue bonds to refinance half or more of its $2.2 billion in outstanding debt issued to fund construction of the 73 Toll Road.

To read the press statement in its entirety, click here.


October 8, 2014 - At its regularly-scheduled monthly meeting this Thursday, the San Joaquin Hills Transportation Corridor Agency Board of Directors will consider the issuance of toll road refunding revenue bonds to refinance half or more of its $2.2 billion in outstanding debt issued to fund construction of the 73 Toll Road.

To read the press statement in its entirety, click here.


September 22, 2014 - On September 11, 2014, the San Joaquin Hills Transportation Corridor Agency approved a resolution authorizing the solicitation of consents from the holders of its San Joaquin Hills Transportation Corridor Agency, Toll Road Refunding Revenue Bonds, Series 1997A (the "1997A Bonds") in order to implement certain amendments to the authorizing indenture.

To read the press statement in its entirety, click here.

June 12, 2014 - At its June meeting, the San Joaquin Hills Transportation Corridor Agency (SJHTCA) Board of Directors voted to appoint an investment banking team and consultants to develop a refinance plan for the San Joaquin Hills Transportation Corridor Agency bonds due to the current favorable bond market.

To read the board report in its entirety, click here.
To view the PowerPoint presentation, click here.


December 12, 2013 - The Foothill/Eastern Transportation Corridor Agency (F/ETCA) - which manages and operates the 133, 241 and 261 Toll Roads in Orange County, Calif. - has successfully refinanced $2.3 billion in outstanding debt that was originally issued in 1999.

To read the press statement in its entirety, click here.