NEW DETAILS: Texas 130 tollway owner emerges from bankruptcy

June 28, 2017
When the southern end of the Texas 130 tolway opened in 2012, it had the fastest speed limit in the nation at 85 mph. Ricardo B. Brazziell / AMERICAN-STATESMAN

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.