DATE: October 4, 2013
MEDIA CONTACT: Dr. Scott Miller, CFO and Director
Broward County Finance and Administrative Services Department
BROWARD COUNTY, Fla. – During the week of October 7, 2013, Broward County priced its Airport System Revenue Bonds, Series 2013A, B and C, totaling $434.2 million, to fund the next phase of construction projects at Fort Lauderdale-Hollywood International Airport.
The proceeds of the 2013A and 2013B Bonds will be used to fund near term capital and land acquisition projects, including renovations to Terminal 4 and its associated ramp, the construction of Concourse A in Terminal 1, terminal renovations, a maintenance facility and a Shuttle/Ground Transportation Facility.
The proceeds of the 2013C Bonds will be used to fund a portion of the cost of the expansion of Runway 10R/28L and certain associated enabling projects, and will complete the funding of the South Runway Expansion Project. The new South Runway is expected to open for aircraft operations in September 2014. The remaining Airport projects are expected to be completed in 2017.
The bonds are rated A by Fitch, A1 by Moody’s and A+ by Standard & Poor’s.
Buyers are encouraged to visit the Investors Relations website at Broward.org/Finance or call 954-357-7130 for more information.