The New Terminal One (NTO), a consortium of labor, operating and financial partners at New York's John F. Kennedy International Airport, is preparing to...
FILE PHOTO: The Manhattan skyline is seen in the background as an airplane takes off at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City
It is the second time JFK's NTO will issue bonds in less than a year. The consortium first sold $2 billion in bonds in December to refinance about $6.5 billion in bank loans, following a period of municipal bond market volatility and illiquidity. The loans were secured two years ago in a $9 billion private-public transaction and financed by over 40 institutions led by financial sponsors Carlyle, Ferrovial SA, JLC Infrastructure and Ullico to cover the cost of the first phase of the airport terminal overhaul.The companies joined the consortium to build a new international terminal on the sites now occupied by JFK's terminals one, two and three at one of the world's busiest airports.
NTO JFK Bank Loans New York Financial Partners New Terminal One International Terminal
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY’s JFK Airport Taps Munis for $1.5 Billion to Revamp TerminalJohn F. Kennedy International Airport is seeking funds to help it build its New Terminal One, making it the latest facility to tap investors amid an airport bond boom.
Read more »
LaGuardia Airport Debt Outlook Is Positive After Terminal RevampNearly two years after the $4 billion transformation of LaGuardia Airport’s Terminal B, the outlook for the aviation hub’s debt is looking up, according to Fitch Ratings.
Read more »
Calgary pilot dies minutes after takeoff leaving a New York airportFamily and friends are remembering Natalie Gillis for her love of flying and as a nature lover with a passion for the outdoors and more.
Read more »
Delta’s New Lounge at JFK Is Nearly 40,000 Square Feet of LuxuryLocated in the New York airport’s Terminal 4, the newly christened One Lounge aims to compete with the world’s best.
Read more »
Canadian sneaker retailer just closed every one of its stores except oneA Canadian sneaker retailer just announced that they're closing seven of their eight locations — including one that's been open for less than a yea...
Read more »
Toronto is one step closer to getting a new U.S. border checkpointFlying to the U.S. from Toronto will soon be a whole lot smoother and quicker thanks to a new preclearance facility coming to Billy Bishop Airport....
Read more »