RTD Locks In $20 Million FasTracks Bond Savings on $266 Million Refunding
Updated
Updated · rtd-denver.com · Aug 25
RTD Locks In $20 Million FasTracks Bond Savings on $266 Million Refunding
1 articles · Updated · rtd-denver.com · Aug 25
Summary
$20 million in net present value savings were secured as RTD closed its Series 2026A FasTracks refunding, equal to 7% savings on a $266 million bond issuance.
The deal landed despite a global bond selloff that pushed yields higher, with investors focused on inflation, future government and private-sector borrowing needs, and geopolitical risks.
RTD said strong liquidity, sizable reserves and stable credit ratings—AAA from S&P and AA+ from Fitch—helped sustain investor demand in one of the year's toughest trading environments.
Wells Fargo Securities led the underwriting, with Stifel and Loop Capital as co-managers, as RTD cast the refinancing as fiscally responsible stewardship that strengthens its long-term position.