DRPA Takes Step to Terminate Swap Agreements

The Delaware River Port Authority Board of Commissioners today took further action to \"20070301214844_benfranklin terminate the use of swap agreements. The Board announced it would not approve any future debt-related swap agreements. The Board also directed that staff evaluate existing swap agreements and make recommendations to the Board regarding options for terminating the Authority’s current swap agreements.

PHOTO BEN FRANKLIN BRIDGE

Today’s Board action will minimize the negative impact of swaps on the

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