OFFER TO TENDER BONDS
made by the
NORTH TEXAS TOLLWAY AUTHORITY
to the Holders as described in the Invitation
North Texas Tollway Authority System
Second Tier Revenue Refunding Bonds, Series 2018
First Tier Taxable Revenue Refunding Bonds, Series 2020B
First Tier Taxable Revenue Refunding Bonds, Series 2021A
Second Tier Revenue and Refunding Bonds, Series 2021B
Key Dates and Times
All of these dates and times are subject to change. All times are New York City time.
Notices of changes will be sent in the manner provided for in this Invitation.
| Pricing Notice: | September 25, 2025 |
|---|---|
| Offer Expiration Date: | 5:00 p.m. on October 2, 2025 |
| Preliminary Notice of Acceptance: | Before 5:00 p.m. on October 3, 2025 |
| Determination of First Tier Target Bonds Purchase Prices: | 10 a.m. on October 6, 2025 |
| Notice of Acceptance of Target Bonds Tendered for Purchase: | On or Before 5:00 p.m. on October 7, 2025 |
| Settlement Date: | November 4, 2025 |
1)
The North Texas Tollway Authority (“NTTA”) and its agents DO NOT recommend to you whether or not to offer your bonds for purchase. You are responsible for your own decisions regarding this and should consult your own financial advisors about it.
2)
The only authorized information about the Invitation is the printed information prepared by NTTA and their agents.
3)
Information is posted on this website for the purpose of your convenience only. You may contact the Information Agent to receive personal copies of the Invitation. If there is a difference between the paper copies and the electronic versions of the documents, the paper copies from the Information Agent are correct.
INFORMATION FOR BONDHOLDERS
• Offer to Tender Bonds dated September 19, 2025
• Pricing Notice (Second Tier Target Bonds) dated September 25, 2025
• Preliminary Notice of Acceptance dated October 3, 2025
• Notice of First Tier Target Bonds Purchase Prices dated October 6, 2025
• Notice of Acceptance of Target Bonds Tendered for Purchase dated October 7, 2025
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Globic Advisors
477 Madison Avenue, 6th floor
New York NY, 10022
7777 Glades Road, Suite 100
Boca Raton FL, 33434
Telephone: (212) 227-9699