Los Angeles International Airport preps $293.19 million revenue bonds

By Sheri Kasprzak

New York, May 9 – The Los Angeles Department of Airports plans to price $293.19 million of series 2016A subordinate revenue bonds for Los Angeles International Airport on Wednesday, according to a preliminary official statement.

The bonds (A1/AA-/AA-) will be sold through senior manager Loop Capital Markets LLC. The co-managers are Cabrera Capital Markets Inc. and Morgan Stanley & Co. LLC.

The maturities have not been set.

Proceeds will be used to improve and replace terminals 1, 2, 6, 7 and 8 at the airport, as well as replace elevators and escalators and make other capital improvements.

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