Debt Financings

Through our advice and assistance on the issuance of over $10 billion in airport revenue bonds, WJ Advisors works collaboratively and effectively with financial advisors and bond underwriters to develop the optimal capital structure for each client.

Two toy business men looking over graph, standing next to stack of quarters.

Airports are capital intensive and airport operators must rely on municipal debt markets to fund most near- and longer capital improvement projects. Through our advice and assistance on the issuance of over $10 billion in airport revenue bonds, WJ Advisors works collaboratively and effectively with financial advisors and bond underwriters to develop the optimal capital structure for each client. We evaluate and incorporate all available sources of funds for each project, including federal grants, passenger facility charge (PFC) revenues, and discretionary cash flow/airport equity, as well as private sources of capital, and translate the use of these funds into key financial results. We constantly review key financial metrics as well as alternative structures and strategies for funding capital improvement programs to ensure a higher degree of certainty during the credit rating process.

WJ Advisors also assists financial advisors and bond underwriters in developing credit rating strategies and investor briefings to ensure that bond buyers correctly understand the credit and risk profiles of our clients.