A total of 12 banks including U.S. lenders Bank of America Corp. undefined and Citigroup Inc. undefined have teamed up to provide financing to build the new...
A total of 12 banks including U.S. lenders Bank of America Corp. and Citigroup Inc. have teamed up to provide financing to build the new $9.5 billion, 2.4 million square foot Terminal One at JFK Airport in New York City. The banks will provide debt while sponsors Ferrovial SA [es:fer], Carlyle Group , JLC Infrastructure, and Ullico will contribute equity for the project, described as the largest private investment ever for a U.S. airport terminal.
Holdings PLC HSBC , Sumitomo Mitsui Financial Group Inc. Groep N.V. ING , Scotiabank BNS , Societe Generale SA SCGLY , and Intesa Sanpaolo Spa ISNPY . Participating banks include Citi and Bank of America, as well as Bank of China, KfW, and Korea Development Bank. The close, which was announced Friday, came after the Carlyle Group on June 3 said it agreed to sell a 51% stake in the concessionaire for the new Terminal One at JFK International Airport for $1.14 billion to buyer Ferrovial.
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