NEW DETAILS: Texas 130 tollway owner emerges from bankruptcy


After more than a year in bankruptcy, the company operating the southern end of the Texas 130 tollway emerged Wednesday under new ownership and new management, shedding about $1.4 billion in debt in what its leadership said makes the nation’s fastest highway more stable.

Toll rates won’t be affected.

The 41-mile stretch of Texas 130 from Mustang Ridge to Interstate 10 near Seguin has a new majority owner. Strategic Value Partners LLC — a multinational investment group with offices in Connecticut, England, Germany and Japan — gobbled up 51 percent ownership of the company that runs Texas 130, according to tollway owner SH 130 Concession Company’s new CEO, Andy Bailey.

Read the full story on mystatesman.com to find out how the new owners reduced the toll road’s debt and what’s next for the lightly-traveled tollway.



Reader Comments ...


Next Up in Local

Teen’s warning thwarts possible school shooting in Vermont
Teen’s warning thwarts possible school shooting in Vermont

A high school junior in New York may have prevented an 18-year-old man from carrying out a shooting last week at a Vermont high school, the Poughkeepsie Journal reported. Angela McDevitt, 17, who attends Arlington High School in Lagrangeville, New York, said she was trading Facebook messages with Jack Sawyer of Poultney, Vermont, when he...
Police: Student was punched, spat on before dorm stabbing
Police: Student was punched, spat on before dorm stabbing

A Georgia State University student walked up to another student, spat on him and punched him before the suspect stabbed him multiple times in a university dorm, the school’s police chief said Thursday. University and Atlanta police responded to a call about the fight Tuesday, GSU police chief Joe Spillane said. Nakia Roach was found in the the...
Some Ohio school districts arm staff, but don't tell public 
Some Ohio school districts arm staff, but don't tell public 

Several school districts in Ohio have armed staff and teachers in an effort to prevent school shootings, but some of those districts have not told parents, students and taxpayers about the firearms in their buildings. On Wednesday, President Donald Trump said that if one of the victims, a football coach, in last week’s Florida school...
NC woman wins $1 million scratch-off jackpot
NC woman wins $1 million scratch-off jackpot

Winner, winner, before that chicken dinner. A North Carolina woman is $1 million richer after buying a scratch-off ticket while purchasing her meal, WRAL reported. Sayanna Bragg bought a dozen chicken wings and a soft drink at a Durham convenience store and decided to purchase a Million Dollar Fever scratch-off ticket.  When she got to her...
Georgia dad, daughter sing their way to more Girl Scout cookie sales
Georgia dad, daughter sing their way to more Girl Scout cookie sales

Who knew Childish Gambino’s “Redbone” would make good Girl Scout cookie-selling music? A father and daughter team from Georgia created a viral video in which they ride in the car while subbing out the song’s original lyrics to push Girl Scout cookies. The song is performed by Grammy-winning Georgia artist Childish Gambino...
More Stories