Budapest Airport re-prices debt

One year after Budapest Airport’s €1.3 billion debt refinancing, the airport’s significantly above-average traffic growth, and very strong financial performance, has allowed the Hungarian gateway to approach its lenders to successfully negotiate a more than 50 bps margin reduction on its lending terms, saving it millions of euros annually. The 15 December re-pricing – which was 100% accepted across all 17 financial institutions –comes less than a week after the airport crossed the 10 million annual passenger threshold for the very first time. Having experienced its 12th consecutive double-digit month of passenger traffic growth in November, the Central European airport