Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities (Tables)

v3.19.3.a.u2
Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Key Terms of NMTC Transactions
The following table summarizes the key terms of each of the NMTC transactions:
Transaction Date
Loan to Investment Fund
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
March 21, 2017
$6.7 million
1%
March 21, 2040
$3.3 million
$9.8 million
0.7%
March 2024
December 22, 2017
$10.4 million
1%
December 22, 2047
$5.1 million
$14.7 million
0.7% to 1.2%
December 2024
October 2, 2019
$4.8 million
1%
October 2, 2049
$2.2 million
$6.7 million
1.8%
October 2026