CHICAGO — Branson Airport LLC in Missouri has proposed borrowing up to $17 million of unrated tax-exempt revenue bonds to cover final construction costs and bolster reserve funds tapped to help cover interest payments on $113 million of debt issued in 2007 to finance the privately built and operated airport.

A preliminary term sheet on the possible sale by the private owner and operator of the struggling airport, which is located in the Ozark Mountains, reports that $6.9 million would go into a supplemental reserve associated with the 2007 transaction and $2.3 million would go to an operating reserve fund. Bondholder notices with preliminary details of the prospective financing are available at emma.msrb.org.

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