Thursday, September 17, 2026
Bonds

Deal of the Year 2025: Columbus Regional Airport Authority (Midwest)

EA Builder

Columbus Regional Airport Authority returned to market with a $1.207 billion airport-revenue financing to launch a $2 billion capital program at John Glenn Columbus International. The sale drew $4.11 billion of orders — about 3.4 times oversubscribed — from 88 investors, broadening demand for both AMT and non-AMT paper and validating a strong credit story. That momentum, amid rate volatility, enabled the Authority to accelerate an additional $175 million of projects. With record scale for a medium-hub peer, disciplined execution, and investor diversification, this financing shows how strategic timing and structure can move critical aviation infrastructure from plan to progress.

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