Boston Airport Borrows $812 Million for Revamp as Traffic Soars

Massport plans to borrow about $812 million this week to fund renovations at Boston Logan International Airport. The announcement is primarily financing-related with limited immediate broader market impact, but it modestly supports near-term credit/liquidity visibility around the airport’s capital program.

Analysis

Massport plans to borrow about $812 million this week to fund renovations at Boston Logan International Airport. The announcement is primarily financing-related with limited immediate broader market impact, but it modestly supports near-term credit/liquidity visibility around the airport’s capital program.