St. Louis-Lambert Airport Revenue Bonds

St. Louis-Lambert International Airport Revenue Bonds

Important Note: All of the information set forth below is historical and subject to change. Investors must read the entire final official statement ("OS"), as well as any updated information regarding these bonds made available by the City at the Municipal Securities Rulemaking Board's Electronic Municipal Market Access ("EMMA") website www.emma.msrb.org, to obtain the information essential to the making of an informed investment decision.

Project Description:
St. Louis-Lambert International Airport is located in St. Louis County, which is adjacent to the City, approximately 15 miles northwest of the City's central business district, and approximately 10 miles from the population center of the St. Louis metropolitan area. The Airport was originally established by Major Albert Bond Lambert and other aviation pioneers on a 160-acre site. The Airport was acquired by the City in 1929 and subsequently expanded to slightly more than 3,600 acres.

The Airport has 4 all-weather runways, 2 terminals, and is configured for up to 86 gates. Three primary runways may be used without restrictions by the largest types of commercial aircraft currently in use. The remaining runway is sufficient in length to safely handle most types of aircraft currently serving the Airport. In addition to the runways, there are more than 15 miles of 75-foot-wide concrete taxiways and four concrete holding pads.

Terminal facilities include Terminal 1 and Terminal 2. Terminal 1 contains 1,094,245 usable square feet of building space and is comprised of the Main Terminal and four concourses (Concourses A, B, C, and all but 3 easternmost gates in Concourse D) with 67 aircraft gates in a mixed configuration. Terminal 2 has 331,329 usable square feet of building space with 19 aircraft gates.

The Airport is a "Medium Hub" by Federal Aviation Administration classification, as it enplaned less than 1 percent of the total passengers in the United States in 2017. 

Bondholder Security:
The Airport Revenue Bonds are limited obligations of the City payable solely from the revenues derived from the operation of the Airport and certain other funds pledged under the Indenture, including the Debt Service Stabilization Fund and the Debt Service Reserve Fund. The principal sources of revenues are the rates and charges generated under agreements between the City and the airlines serving the Airport and payments under concession contracts at the Airport.

For a more detailed description of the security for the Airport Revenue Bonds please, refer to the Official Statement for the relevant series of bonds (links provided below) and www.emma.msrb.org for any Continuing Disclosure Updates and Material Event Filings.

Bonds Outstanding:
There are currently outstanding the following eleven (11) series of Airport Revenue Bonds with an aggregate principal amount of $455,255,000 as follows:

 

Series	New Money / Refunding	Par Outstanding	Final Maturity	Tax Status
2005	Refunding	$145,995,000	July 1, 2031	Non-AMT
2007 A	Refunding	$34,105,000	July 1, 2032	Non-AMT
2012	Refunding	$18,755,000	July 1, 2032	AMT
2015	Refunding	$2,240,000	July 1, 2023	Non-AMT
2017A	Refunding	$65,175,000	July 1, 2032	Non-AMT
2017B	Refunding	$38,670,000	July 1, 2027	AMT
2017C	New Money	$31,700,000	July 1, 2047	Non-AMT
2017D	New Money	$26,605,000	July 1, 2037	AMT
2019A	New Money	$13,235,000	July 1, 2037	Non-AMT
2019B	New Money	$7,725,000	July 1, 2037	AMT
2019C	Refunding	$75,470,000	July 1, 2037	Non-AMT
2022A	Refunding	$14,335,000	July 1, 2032	AMT

Debt Service on Outstanding Bonds as of December 31, 2022.

Official Statements:
Series