The New Terminal One at JFK Concludes Successful Refinancing with $2 Billion Green Bonds Issuance
Press Release Provided by Cision PR Newswire
December 6, 2023
The New Terminal One at New York John F. Kennedy International Airport has announced a successful $2 billion bonds issuance, following a strong reception from the investor community.
The Series 2023 Special Facilities Revenue Bonds were upsized by $500 million due to investor demand. This is a reflection of the market’s confidence in the outlook for The New Terminal One, the developer and operator of a new international terminal at JFK. Assured Guaranty provided insurance on $800 million of the bonds. Underlining the project’s commitment to sustainability, the bonds were designated as Green Bonds by Kestrel Verifiers, an independent second-party opinion provider, who confirmed that the uses of the bonds conform with Green Bond principles.