Airport revenue bonds

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

The IRS letter ruling publicly released Friday allows floating private equity to be used for a prohibited use for a tax-exempt bond-financed airport terminal renovation.

Chicago expects to add more than $9 billion in O'Hare debt in the coming years to upgrade the airport's terminals.

The incoming chairman of the House Transportation and Infrastructure Committee is optimistic of striking a deal with President Trump on major infrastructure legislation, noting that House Democrats will need White House support to get the Republican-controlled Senate on board.

Moody's Investors Service upgraded LAX ahead of the deal, bringing the subordinate bonds to the AA-minus level across the board.

The $240 million deal will also contain a mix of bonds subject to the alternative minimum tax with non-AMT bonds.

The Los Angeles airport enterprise received a Moody's ratings boost ahead of plans to price $650 million in subordinate revenue bonds.

The Hillsborough County Aviation Authority prices a new-money deal Tuesday for Tampa international Airport, boosted by an upgrade from Kroll.

The city is also considering its first general obligation bond issue since 2017.

The city-owned airport has $6.2 billion of outstanding bonds and plans to embark on several refundings.

Included in the FAA reauthorization package is $1.68 billion in supplemental disaster funding that would help cover the cost of recovery and rebuilding from Hurricane Florence last month.

Salt Lake City will bring $875 million of revenue bonds this month for its airport.

Cleveland Hopkins is planning to issue $90.3 million of series 2018 A refunding bonds and $21 million of series 2018B bonds.

A week after pricing the largest airport bond issue in its history, Denver will close on the deal with a goal of remodeling the still youthful aviation hub.

The Moody's upgrade comes as the city is exploring a privatization of the Lambert airport.

The water and wastewater deals will finance upgrades of the two systems.

The southernmost airport in Texas will replace its nearly 50-year-old terminal with a larger version equipped for modern security and capacity challenges.

The department's chief procurement officer, Jamie Rhee, will replace Ginger Evans.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

The private developer building the new passenger terminal in Everett, Washington, used $50 million of tax-exempt bonds.