Fidelity
Jennifer Shea
19 Nov 2025
John Glenn Columbus International Airport has a long history of serving Ohio's capital. But its revenue bond credit hadn't been seen in the municipal primary for some 18 years before January's $1.2 billion revenue bond deal.
Coming to market at a tumultuous time, with events in Washington, D.C., injecting uncertainty, the bond issue forced the deal team to "start from scratch" as they shaped the inaugural financing for the project to construct a new, modern terminal to replace today's aging facility.
..the airport's existing terminal dates back to 1958, and its three concourses are separated by security checkpoints, meaning that travelers who arrive at one concourse and need to transfer to another have to go back through security to get to their gate.
The new terminal will modernize the airport and complement the economic growth of the Columbus area, said Spino, and this transaction set the pace for the project.
Anatomy of a deal: a muni market 'IPO' for Columbus airport | Fidelity Investments | 19 Nov 2025
