Financing of Airport Improvements
Capital financing for John Wayne Airport’s improvements is generally derived from tax-exempt General Airport Revenue Bonds, FAA grants and other internally generated funds.
|JWA Airport Bond Issuance Chronology
||Construction of Terminals A & B, Parking Structure, Runway, Roadway Improvement
||Partially refunded $68.44M principal amount of Series 1987 Airport Revenue Bonds
||Refunded $131.49M principal amount of Series 1987 Airport Revenue Bonds
||Refunded $65.25M outstanding Series 1993 Airport Revenue Refunding Bonds
|Series 2009 A&B
||Construction of Terminal C adding 6 gates, Parking Structure C, Central Utility Plant, South RON, Elevated Roadway and CUPPS
On July 9, 2009, the Airport issued $233,115,000 in General Airport Revenue Bonds to finance construction of the new Terminal C, Parking Structure C and other capital improvements. Two types of bonds were issued: Series A for governmental purposes and Series B for private activity. The bonds are limited obligations of the County of Orange for which general funds were not pledged. The debt is payable by Airport Net Revenues and Passenger Facility Charge revenues. The true interest yield of these bonds is 5.15%, with the last maturity date of July 1, 2039. As of June 30, 2016, the outstanding principal amount of the 2009A and 2009B Bonds were $59,644,000 and $135,462,000, respectively.
For more information, contact to Deanne Thompson at 949.252.5182 or email@example.com.
Last updated: 03/29/17