Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.10.0.1
Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2018
Variable Interest Entity Disclosures [Abstract]  
Summary of Key Terms of NMTC Transactions
The following table summarizes the key terms of each of the NMTC transactions:
Financing Arrangement
Investment Funds
Transaction Date
Loan Amount
Interest Rate on Loan to Investment Fund
Maturity Date
US Bancorp Investment
Loan to Unicom
Interest Rate on Loan(s) to Unicom
Expected Put Option Exercise
NMTC #2
TIF 2 & TIF 2-USB
October 3, 2012
$37.7 million
1%
October 2, 2042
$17.5 million
$52.0 million
0.71% to 0.77%
October 2019
NMTC #3
TIF 3
December 11, 2012
$8.2 million
1%
December 10, 2042
$3.8 million
$12.0 million
1.35%
December 2019
NMTC #4
TIF 4
March 21, 2017
$6.7 million
1%
March 21, 2040
$3.3 million
$9.8 million
0.73%
March 2024
NMTC #5
TIF 5-1 and TIF 5-2
December 22, 2017
$10.4 million
1%
December 22, 2047
$5.1 million
$14.7 million
0.67% to 1.24%
December 2024