Reported about 1 year ago
The New Terminal One (NTO) consortium at JFK Airport plans to issue $2.55 billion in bonds to refinance bank loans raised in 2022, marking the second bond issuance in less than a year. The consortium previously issued $2 billion in bonds to refinance $6.5 billion in bank loans. The financial results of the new bond deal are expected to be announced soon. The loans were originally secured in a $9 billion transaction involving financial sponsors Carlyle, Ferrovial SA, JLC Infrastructure, and Ullico for the airport terminal overhaul, with construction on schedule for a 2026 opening.
Source: YAHOO