Conduit Borrower

The private business that either receives the proceeds of the Tax-Exempt Bonds through a loan by the Issuer to fund all or a portion of a capital project or leases the facility financed with the proceeds of the Tax-Exempt Bonds.  A Conduit Borrower is also often known as a Borrower.

See Also

Conduit Financing

Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.

Conduit Bonds

Bonds issued by an Issuer in a conduit financing.

Hudson Yards Rail Yards

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