The following table summarizes the key terms of each of the NMTC transactions: | | | | | | | | | | | | | | | | | | Transaction Date | | Loan to Investment Fund (in millions) | | Interest
Rate on
Loan to
Investment
Fund | | Maturity Date | | Bank
Investment
(in millions) | | Loan to
Unicom
(in millions) | | Interest
Rate on
Loan(s) to
Unicom | | Expected Put
Option Exercise | March 21, 2017 | | $ | 6.7 | | 1.0% | | March 21, 2040 | | $ | 3.3 | | $ | 9.8 | | 0.7% | | March 2024(1) | December 22, 2017 | | $ | 10.4 | | 1.0% | | December 22, 2047 | | $ | 5.1 | | $ | 14.7 | | 0.7% to 1.2% | | December 2024(2) | October 2, 2019 | | $ | 4.8 | | 1.0% | | October 2, 2049 | | $ | 2.2 | | $ | 6.7 | | 1.8% | | October 2026 | November 24, 2020 | | $ | 11.5 | | 1.0% | | November 24, 2050 | | $ | 4.9 | | $ | 15.8 | | 0.8% | | November 2027 | March 29, 2022 | | $ | 13.2 | | 1.0% | | March 29, 2052 | | $ | 5.6 | | $ | 18.2 | | 0.7% to 1.4% | | March 2029 | December 21, 2022 | | $ | 5.9 | | 1.0% | | December 21, 2052 | | $ | 2.6 | | $ | 8.2 | | 1.4% | | December 2029 | May 2, 2023 | | $ | 6.4 | | 1.3% | | May 2, 2053 | | $ | 2.8 | | $ | 9.0 | | 1.0% | | May 2030 |
(1) | Exercised in April 2024 as there is an 180 day window for the put to be exercised after the seventh anniversary |
(2) | Exercised in December 2024 |
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