Tag Archives: SH 130 Concession Company LLC

SH130 operator emerges from bankruptcy

Good for them. The firm that oversees a stretch of highway with the country’s fastest speed limit says it is on better financial footing and under new ownership. The SH 130 Concession Company, which operates a 41-mile stretch of the … Continue reading

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SH 130 operator to give up its ownership stake

Another step on the road to bankruptcy. SH 130 Concession Co. filed a bankruptcy reorganization plan Friday that proposes transferring company ownership to its largest lenders, which include the Federal Highway Administration and a group of European banks. The company … Continue reading

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SH 130 operator files for bankruptcy

Boom. A private company that operates part of the Texas toll road with the highest speed limit in the country filed for bankruptcy Wednesday, fewer than three years after the section of the road it oversees first opened. The SH … Continue reading

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SH 130 operator in default

But it’s not default-default just yet. Although the company that built and operates the southern leg of the Texas 130 toll road recently managed to work out a payment extension with its lenders, an investor service that monitors the project … Continue reading

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Company operating SH 130 may default

Oops. The company behind a privately operated Texas toll road that sports the country’s fastest speed limit is dangerously close to defaulting on its debt, according to a credit rating agency. According to a report released this week by Moody’s … Continue reading

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