DALLAS - The New Orleans Aviation Board will refund all $113.3 million of its outstanding variable-rate debt and pay swap termination fees of up to $16.7 million for five related interest rate swaps with the proceeds from the negotiated sale of $138.8 million of fixed-rate airport revenue bonds next week.

The aviation board operates Louis Armstrong New Orleans International Airport, which is owned by the city of New Orleans but located outside the New Orleans city limits in Kenner, La.

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