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Grand Parkway Transportation Corporation Disclaimer

This web page contains information related to certain outstanding bonds, notes or other obligations issued by the Grand Parkway Transportation Corporation (the “Corporation”). By viewing or downloading any of the information available on this web page you are acknowledging that you have read, understand and accept the terms and conditions stated below without limitation or qualification. If you do not agree to these terms, please do not use this web page.

References on this web page to the Corporation include any entity acting on behalf of the Corporation, including the Texas Department of Transportation (the “Department”) as the context may require.

Purpose. The purpose of this web page is to provide general information about certain outstanding bonds, notes, or other obligations of the Corporation. The information is provided for quick reference only. It is not a summary or a compilation of all information that may be relevant to any particular financial transactions, bonds, notes, or other obligations. It does not purport to include every item which may be of interest, nor does it purport to present full disclosure with respect to any financial transactions relating to the Corporation’s bonds, notes, or other obligations within the meaning of applicable securities laws and regulations. There is no assurance that the information contained on this web page does not contain typographical or other errors which may have occurred in converting the original source document or other source materials to electronic format.

Not an Offer to Buy/Sell Securities. Under no circumstances shall the information on this web page constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction. The information on this web page has not been prepared to give information for making decisions on buying or selling securities and should not be relied upon by investors in making investment decisions. Investment decisions should be made after review of an official statement or other disclosure document and other relevant documents and materials in connection with a particular issue of bonds, notes, or other obligations. The information on this web page and on other areas of the Corporation’s website is not intended to serve as legal or financial advice and should not be relied upon in connection with any decision to purchase or sell any securities of the Corporation. Investor information regarding bonds, notes and other obligations of the Corporation is available at www.emma.msrb.org.

Dates of Documents; Estimates and Opinions. Documents contained on this web page speak only as of their dated date or other date(s) described therein, which may be prior to the date it is posted on this web page. No inference should be made that the operations of the Corporation or other economic conditions have remained the same since the date indicated. This web page contains, in part, estimates and matters of opinion which are not intended as statements of fact, and no representation is made as to the correctness of such estimates and opinions, or that they will be realized.

Information is Subject to Change Without Notice and May Not Be Updated. The Corporation is under no obligation to update any information included on this web page, including forward-looking information, projections, and estimates, and the Corporation expressly disclaims any duty to provide an update of any information or document contained on this web page. The information and expressions of opinion posted on this web page speak as of the dates thereof, are subject to change without notice, and the posting, or the lack of posting, of information on this web page does not imply that the affairs of the Corporation have not changed.

Unavailability of Web Page. The Corporation makes every effort to keep this web page operational. However, the Corporation takes no responsibility for, and is not liable for, the web page being temporarily unavailable for any reason.

Forward-Looking Statements. The information on this web page and documents referenced within this web page may include forward-looking information, including projections and estimates. These forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “targets,” “forecasts,” and “seeks” or the negatives of such terms or other variations on such terms or comparable terminology. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that could cause actual outcomes and results to differ materially.

Links to Other Websites. Links to other Corporation web pages or webpages of the Department that are outside of this web page and to other websites are provided for convenience only and are not an endorsement, recommendation, or guarantee of accuracy by the Corporation of information contained on any such web page or site for investor or investment purposes. The Corporation has not participated in the preparation, compilation, or selection of information on any such other website, and assumes no responsibility or liability for the views, content, or accuracy of any other website referenced or linked through the Corporation’s website.

Disclaimers. ALL INFORMATION ON THIS WEB PAGE HAS BEEN FURNISHED OR OBTAINED BY THE DEPARTMENT OR THE CORPORATION FROM SOURCES BELIEVED TO BE ACCURATE AND RELIABLE BUT IS NOT GUARANTEED AS TO ACCURACY. BECUASE OF THE POSSIBILITY OF HUMAN AND MECHANICAL ERROR AS WELL AS OTHER FACTORS, THE INFORMATION ON THIS WEB PAGE IS PROVIDED "AS IS" WITHOUT WARRANTY OR ANY KIND, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, FREEDOM FROM CONTAMINATION BY COMPUTER VIRUSES AND NON-INFRINGEMENT OF PROPRIETARY RIGHTS. IN PARTICULAR, NO REPRESENTATION OR WARRANTY, EXPRESSED OR IMPLIED, IS MADE OR TO BE INFERRED AS TO THE ACCURACY, TIMELINESS, ADEQUACY, LEGALITY, USEFULNESS, RELIABILITY OR COMPLETENESS OF THIS INFORMATION. NONE OF THE CORPORATION, THE DEPARTMENT OR ANY OF THEIR RESPECTIVE OFFICERS OR EMPLOYEES, SHARE BE HELD LIABLE FOR ANY USE OF THE INFORMATION DESCRIBED AND/OR CONTAINED ON THIS WEB PAGE. IN NO EVENT SHALL THE CORPORATION, THE DEPARTMENT OR ANY OF THEIR RESPECTIVE OFFERS OR EMPLOYEES BE LIABLE FOR FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES HOWEVER CAUSED ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF HTE USE OF THIS WEB PAGE, EVEN IN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THIS DISCLAIMER OF LIABILITY APPLIES TO ANY AND ALL DAMAGES AND INJURIES, INCLUDING BUT NOT LIMITED TO THOSE CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT OR DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF, OR USE OF ANY RECORD, WHETHER FOR BREAH OF CONTRACT, NEGLIGENCE OR UNDER ANY OTHER CAUSE OF ACTION. THIS DISCLAIMER APPLIES TO BOTH ISOLATED AND AGGREGATE USES OF THE INFORMATION ON THIS WEB PAGE.

Choice of Law. Construction of the terms and provisions above and resolution of disputes in connection therewith are governed by the laws of the State of Texas. The laws of the State of Texas shall apply to all uses of this webpage and the information contained herein. By viewing this web page and the information contained herein, the user agrees that such viewing and use shall conform to all applicable laws and regulations and that the user shall not violate the rights of any third parties and agrees to all of the terms and provisions above.

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On December 3, 2021, the Federal Highway Administration (FHWA) published the Broadband Infrastructure Deployment Final Rule to Title 23 Code of Federal Regulations Part 645.

Latest Grand Parkway System Bond Offering

Series / Official statement	CUSIP (base no.)	Fitch	Moody's	S&P
2023	38611T	AA	Aa1	Not rated

The outstanding obligations of the Corporation are not obligations of the Texas Department of Transportation (TxDOT) or the Texas Transportation Commission. The outstanding Series 2013B, 2013E, 2018A, 2020B, and 2023 obligations are supported by a TELA agreement between the Corporation and TxDOT. Pursuant to the TELA, TxDOT has committed to make a loan available in respect of certain project costs, certain operation and maintenance costs, and certain major maintenance costs in the event the revenues of the project are insufficient for those purposes and satisfying debt service on the TELA-supported bonds. Advances by TxDOT under the TELA are subject to legislative appropriation and certain other limitations.

The Corporation has received federal government financing under the Transportation Infrastructure Finance and Innovation Act (TIFIA). A TIFIA loan (2014 TIFIA Loan) and related Second Tier Note closed on Feb. 6, 2014, and TIFIA disbursed the loan proceeds to TxDOT on Dec. 13, 2016. The Corporation prepaid the 2014 TIFIA in full on Feb. 27, 2020. The Corproration closed a second TIFIA loan (2019 TIFIA Loan) and related First Tier Note on Feb. 21, 2019, which the Corporation replaced with a TIFIA loan and related First Tier Note that closed on Aug. 19, 2021 (2021 TIFIA Loan).

To view GPTC Financial Reports and for additional information relating to the Corporation’s outstanding obligations, see the Corporation’s homepage on the Electronic Municipal Market Access (EMMA)system maintained by the Municipal Securities Rulemaking Board (MSRB).