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Los Angeles Airport operator seeks to sell $700 million bonds for renovation

from The Wall Street Journal (subscription required)

Los Angeles World Airports plans to sell about $700 million of 30-year bonds early next year to fund its ongoing modernization and expansion plans, Gina Marie Lindsey, the operator's executive director, said. "The $700 million figure is a rough figure. We haven't structured the details of the issuance. I expect they'll be approximately a 30-year term that's pretty standard for us," Lindsey told Dow Jones Newswires in an e-mail. more

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