BRADENTON, Fla. — With a deal uniquely structured to meet investors’ demands, a Florida conduit issuer has sold one of the largest tax-exempt bond financings to date for an airport fixed-base operator.

Capital Trust Agency and the Houston-based Million Air FBO closed the $48.4 million, 30-year deal Aug. 2 for projects at airports in Tallahassee, Fla., Gulfport-Biloxi, Miss., and Hobby Airport in Houston. It’s believed to be the first rated FBO transaction.

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