SIMPSON BAY:--- On May 11, 2022, Princess Juliana International Airport (PJIAE) completed the successful refinancing of its 2012 indenture, with borrowings under a new term loan facility in the amount of USD 90 million. The new facility has been closed at more favorable terms and a reduced interest rate of 4,75%, which allows PJIAE to stabilize its much-needed cash position. By taking advantage of low borrowing costs and actively managing its near- and medium-term maturity profile, PJIAE has enhanced its ability to invest in future financial stability and growth. This step is consistent with PJIAE’s strategy to build the airport ...
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Princess Juliana International Airport Announces Successful Debt Refinancing Transaction.
May 12, 2022
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