Gilcrease Expressway West project prepares for financial close

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The special purpose entity Gilcrease Developers LLC has acquired Baa2 rating from Moody's Investors Service for it's US$ 125 million of senior lien private activity bonds (PABs). The expressway project involves the construction and financing of a fully functional four-lane divided, tolled highway, which will link two existing roads - Interstate 44 and US 412, on the west side of Tulsa, the second-largest city in Oklahoma, in the south-central region of the USA.

With this rating, the project owner Gilcrease Developers LLC is expecting to get US$ 125 million in return of the bonds, which will help finance a portion of the Project cost obligations under the concession agreement with the Oklahoma Turnpike Authority.

Share this update