The Texas A&M University System could issue up to $1.9 billion of bonds over the next year for capital projects, refundings, and to convert short-term commercial paper to long-term debt.
Its board of regents last week
"These authorizations give us the flexibility to build what our students and our state need while maintaining the financial discipline that has earned the system top credit ratings," Robert L. Albritton, who chairs the regents board, said in a statement. "This is not a commitment to borrow every dollar. It is the ability to act when the need is clear and the market is right."
The timing, size, pricing, maturity structure, and method of sale for each bond issuance will be determined based on capital needs and market conditions, the statement added.
The system had $1.5 billion of bonds secured by Texas A&M's share of revenue from the PUF's Available University Fund (AUF) and $3.194 billion of revenue financing system bonds outstanding as of Aug. 31, 2025, according to
The revenue bonds can be paid off by a combination of housing, utility, parking and transportation revenue; designated tuition and student fees; indirect cost recoveries; state higher education funds; AUF revenue; and legislative appropriations for capital construction assistance projects, according to the system's statement.
Both types of bonds are rated triple-A by Fitch Ratings, S&P Global Ratings, and Moody's Ratings.
The Texas A&M system serves about 175,000 students and includes 12 universities, a comprehensive health science center, and eight state agencies.
