Financing Services for Airports
Our Finance attorneys have extensive experience to help you with every type of sophisticated financing mechanism, including GARBs, letters of credit, multiple lien structures, passenger facility charge (PFC) bonds, special facilities revenue bonds, interest rate swaps, and commercial paper programs. We regularly provide counsel to airports seeking FAA approval to impose and/or use PFCs and to airports seeking FAA LOIs under the airport improvement grant program. We serve as bond counsel for several airports, and we also have served as special counsel to the airport issuer, disclosure counsel, and underwriter’s counsel. We also provide counsel concerning disclosure issues in annual financial statements and comprehensive annual financial reports as well as under SEC rule 15c2-12.
Additionally, we have participated in numerous special facilities revenue bond issues to finance necessary airport facilities, including fuel systems, terminal improvements, consolidated rental car facilities, and air cargo facilities, backed by many of the world’s largest airlines, including Delta Air Lines, United Airlines, and US Airways, or rental car companies.