San Antonio to Borrow $944 Million for Major Airport Expansion

Corporate Action
โดย Bloomberg·Read original
Summary · why it matters

San Antonio is tapping the bond market for about $944 million to help finance a 20-year development plan at its airport. The cornerstone of the project is a new Terminal C, costing roughly $1.7 billion, with up to 18 gates and more than 850,000 square feet of space, expected to open in June 2028. Delta Air Lines Inc. is committing $30 million to $40 million and American Airlines Group Inc. is investing $25 million to $35 million to build their own lounges in the terminal. The airport is anticipating nearly 15 million passengers by 2040, and the deal, rated A2 by Moody's Ratings and A+ by S&P Global Ratings, is expected to price on July 21 with RBC Capital Markets and Ramirez & Co. as lead underwriters.

Impact on stocks 5

Industrials▲ · 2 stocks
American Airlines Group
AAL
▲ PositiveDemandrelevance

American Airlines is investing $25-35 million to build a lounge in the new Terminal C, indicating increased demand for its services at the airport.

Delta Air Lines Inc
DAL
▲ PositiveDemandrelevance

Delta Air Lines is committing $30-40 million to build a lounge in the new Terminal C, reflecting growth in passenger demand.

Electrification & Mobility▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
© 2026 MarketDXNews