Table:
|  |  | September 30, |
| --- | --- | --- |
|  | 2019 | 2018 |
|  |  | (in thousands) |
| Cash | $  347 | $  374 |
| Restricted cash | 9,967 | 10,000 |
| Other current assets | 33 | — |
| Long-term capitalized contract costs | — | 33,818 |
| Long-term contracts financing receivable | 115,508 | — |
| Other noncurrent assets | 1,419 | 810 |
| Total assets | $  127,274 | $  45,002 |
| Trade accounts payable | $  25 | $  165 |
| Accrued compensation and other current liabilities | 191 | — |
| Due to Cubic | 25,143 | 11,724 |
| Other long-term liabilities | 21,605 | 13 |
| Long-term debt | 61,994 | 9,056 |
| Total liabilities | $  108,958 | $  20,958 |
| Total Cubic equity | (603) | (304) |
| Noncontrolling interests | 18,919 | 24,348 |
| Total liabilities and owners' equity | $ 127,274 | $ 45,002 |
Paragraphs:
The assets and liabilities of OpCo that are included in our Consolidated Balance Sheets at September 30, 2019 and 2018 are as follows:
The assets of OpCo are restricted for OpCo’s use and are not available for the general operations of Cubic. OpCo’s debt is non-recourse to Cubic. Cubic’s maximum exposure to loss as a result of its equity interest in the P3 Venture is limited to the $2.7 million outstanding letter of credit, which will be converted to a cash contribution upon completion of the design and build phase of the MBTA Contract.
Question:
What will Cubic's outstanding letter of credit be converted to?
Answer: a cash contribution upon completion of the design and build phase of the MBTA Contract