O’HARE BOND SALES TO HAPPEN IN APRIL

Dino D'Amore
By Dino D'Amore March 24, 2011 21:17

O’HARE BOND SALES TO HAPPEN IN APRIL

Chicago is planning to go ahead with its plans to issue about $1 billion of bonds for O’Hare International Airport during the week of April 18. The third lien general airport revenue bonds are planned finance a new runway and other projects. Citigroup is underwriter on the deal.

The airport’s two largest carriers — United Continental Holdings Inc (UAL.N) and American Airlines parent AMR Corp agreed to a $1.17 billion partial extension of the program and dropped their lawsuit. The deal, however, does not fully cover the $3.36 billion completion phase for O’Hare and the airlines, and the city agreed to hold talks in the future on completing the program.

Dino D'Amore
By Dino D'Amore March 24, 2011 21:17
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="https://www.aviationnews-online.com/wp-login.php?redirect_to=https%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fo%25e2%2580%2599hare-bond-sales-to-happen-in-april%2F"> registered </a> users can comment.