Holley & Pearson-Farrer LLP served as underwriters’ counsel in connection with the issuance by the New Orleans Aviation Board of $23.8 million in tax-exempt revenue refunding bonds.

The bonds were issued to defease outstanding bonds issued in 2010 to finance the costs of certain capital improvements at the Louis Armstrong New Orleans International Airport. The bonds were designated and issued as Qualified Gulf Opportunity Zone Bonds in accordance with the Gulf Opportunity Zone Act of 2005 and IRS Notice 2019-39.

The bonds were payable from certain revenues of the airport system and fees of the City of New Orleans and the aviation board. The bonds were sold on a negotiated basis to an underwriting syndicate.

  • Designated as Qualified Gulf Opportunity Zone Bonds
$23.8 million
New Orleans Aviation Board
Closing Date
December 2019
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