ITRCC

AcronymDefinition
ITRCCIT (Information and Technology) Risk and Compliance Center
ITRCCIndiana Toll Road Concession Company
ITRCCIllinois Traffic Records Coordinating Committee (Illinois Department of Transportation)
ITRCCIntroduction to Rifle Coaching Course (Canada)
References in periodicals archive ?
In May of 2015, the IFA (http://bloximages.chicago2.vip.townnews.com/nwitimes.com/content/tncms/assets/v3/editorial/d/03/d0367c98-a48d-54f7-b268-35ca0acf9373/555271964f2e0.pdf.pdf) approved the sale of the ITRCC to the Australian firm IFM investors for (http://www.businesswire.com/news/home/20150527006535/en/IFM-Investors-completes-acquisition-Indiana-Toll-Road) $5.725 billion.
The final purchase price for the ITRCC was USD 5.725bn, consistent with the purchase price and transaction structure outlined when the planned acquisition was announced.
In order to assess refinancing risk and the affordability of ITRCC's debt, Fitch assumes bullet maturities included in the rated structure are refinanced as 25-year amortizing notes with level debt service, incorporating an interest rate of 8%, reflective of stressed market conditions at the time of refinancing in order to assess the project's ability to repay its obligations well inside the concession term.
All outstanding debt was issued in mid-2015 in order to refinance the 2015 IFM Investors acquisition financing for ITRCC through a bankruptcy restructured sale process.
According to IFM, the agreement requires ITRCC to operate and maintain the road and grants ITRCC the exclusive right to collect toll revenues from the toll road during the term of the Concession Agreement, which has a remaining life of 66 years.