LOVE FIELD AIRPORT SELLS TAX EXEMPT DEBT

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By admin November 3, 2010 14:29

LOVE FIELD AIRPORT SELLS TAX EXEMPT DEBT

Love Field Airport Modernization Corp., the local government entity that oversees the development of the Dallas, Texas home of Southwest  plans to sell $310 million of tax-exempt debt today to help finance an expansion project. The bonds are rated BBB by Standard & Poor’s, second-lowest of 10 investment grades, and are backed by “facilities payments” from discount airline Southwest Airlines Co. Underwriters led by Goldman Sachs Group Inc. will market the issue to investors.

admin
By admin November 3, 2010 14:29
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