Notice of public hearing: Port Of Seattle bond and note issuance

The Port of Seattle held a public hearing on June 20, 2024, to consider issuing up to $400 million in commercial paper notes and up to $850 million in revenue bonds to fund improvements across its maritime and aviation facilities. A significant portion—up to $600 million—is earmarked for Seattle-Tacoma International Airport projects, including runway repairs, terminal construction, noise mitigation, and related airfield upgrades. The notice also covers funding for seaport terminals, marinas, and Port technology infrastructure throughout the Seattle area.

Notes

The Port of Seattle issued a notice of public hearing to be held June 20, 2024, regarding the issuance of Subordinate Lien Revenue Notes (Commercial Paper) Series 2001 A, B, C, & D in an estimated principal amount of $400,000,000, and Intermediate Lien Revenue and Refunding Bonds, Series 2024B in an estimated principal amount not to exceed $850,000,000. The proceeds will finance or refinance construction, improvements, repairs, and equipment purchases at numerous Port facilities including marine terminals, marinas, and Seattle-Tacoma International Airport. The hearing was conducted via telephone conference call.

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