VSBFAVirginia Small Business Financing Authority
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95 Express expects to currently issue, through VSBFA, approximately $261 million of senior lien private activity bonds and later enter into a $300 million cash flow subordinate TIFIA loan to help fund the design and construction of the project.
Repayment of the bonds was not guaranteed or supported by any state agency or funds, and no state involvement was necessary in that regard, except for the usual and customary actions necessary for the VSBFA to issue an IRB.