Aerostar Airport Holdings in Issuance of Senior Secured Notes

June 24, 2015

Cleary Gottlieb represented Aerostar Airport Holdings in its issuance of $50 million of 6.75% senior secured notes due 2035. The proceeds of the notes, which were issued in a private placement in reliance on Section 4(a)(2) of the Securities Act, were used to refinance its existing $50 million capital expenditure facility. The transaction closed on June 24, 2015.

Aerostar Airport Holdings is the private operator of the Luis Muñoz Marín (LMM) International Airport in San Juan, Puerto Rico. Cleary Gottlieb previously represented Aerostar Airport Holdings in connection with its successful bid to become the operator of LMM, as well as over $600 million in debt and equity financings.