Charlotte, NC Offering $307 Million in Airport Revenue Bonds

Dow Jones

2025/05/09

By Stephen Nakrosis

The City of Charlotte, N.C., is selling $307 million in airport revenue bonds to finance improvements to the Charlotte Douglas International Airport.

The offering will consist of $281.9 million in Series 2025 A non-AMT bonds, and $25.1 million of Series 2025 B AMT bonds, according to a roadshow document on MuniOS. The Series 2025 A fixed-rate bonds will be amortizing from July 1, 2026 through July 1, 2055. The Series 2025B bonds will amortized between July 1, 2027 and July 1, 2044.

The bonds are special obligations of the city, and will be payable from airport net revenues.

Construction projects to be financed at the airport include a new parallel runway, as well as renovations to the Concourse D building.

Charlotte Douglas International Airport saw passenger counts reach 58.8 million in 2024, while aircraft arrivals and departures rose to 596,583. It is home to seven major air carriers, 15 regional carriers and three foreign flag carriers.

Moody's has rated the bonds Aa3 with a stable outlook, while Fitch assigned a rating of AA- with a stable outlook. The offering will price on May 21, and is scheduled to close on June 11.

BofA Securities is listed as the offering's lead manager.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 08, 2025 15:14 ET (19:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The offering will price on May 21, and is scheduled to close on June 11. \n</p>\n<p>\n  BofA Securities is listed as the offering's lead manager. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 15:14 ET (19:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlotte, NC Offering $307 Million in Airport Revenue Bonds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlotte, NC Offering $307 Million in Airport Revenue Bonds\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-09 03:14</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  The City of Charlotte, N.C., is selling $307 million in airport revenue bonds to finance improvements to the Charlotte Douglas International Airport. \n</p>\n<p>\n  The offering will consist of $281.9 million in Series 2025 A non-AMT bonds, and $25.1 million of Series 2025 B AMT bonds, according to a roadshow document on MuniOS. The Series 2025 A fixed-rate bonds will be amortizing from July 1, 2026 through July 1, 2055. The Series 2025B bonds will amortized between July 1, 2027 and July 1, 2044. \n</p>\n<p>\n  The bonds are special obligations of the city, and will be payable from airport net revenues. \n</p>\n<p>\n  Construction projects to be financed at the airport include a new parallel runway, as well as renovations to the Concourse D building. \n</p>\n<p>\n  Charlotte Douglas International Airport saw passenger counts reach 58.8 million in 2024, while aircraft arrivals and departures rose to 596,583. It is home to seven major air carriers, 15 regional carriers and three foreign flag carriers. \n</p>\n<p>\n  Moody's has rated the bonds Aa3 with a stable outlook, while Fitch assigned a rating of AA- with a stable outlook. The offering will price on May 21, and is scheduled to close on June 11. \n</p>\n<p>\n  BofA Securities is listed as the offering's lead manager. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 15:14 ET (19:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NC","symbol_name":"NACCO Industries Inc Cl A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534816381","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534816381","pubTimestamp":1746731640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The City of Charlotte, N.C., is selling $307 million in airport revenue bonds to finance improvements to the Charlotte Douglas International Airport.The offering will consist of $281.9 million in Series 2025 A non-AMT bonds, and $25.1 million of Series 2025 B AMT bonds, according to a roadshow document on MuniOS. 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The offering will price on May 21, and is scheduled to close on June 11. \n\n\n  BofA Securities is listed as the offering's lead manager. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 15:14 ET (19:14 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}