Direct Placement Financing

The Hillsborough County Aviation Authority issued a resolution authorizing the issuance of its Tampa International Airport Revenue Refunding Bond, 2021 Series A (AMT), in the aggregate principal amount of not to exceed $31,400,400. The bond is being issued for the purpose of refunding the outstanding Tampa International Airport Revenue Refunding Bond, 2018 Series D (AMT). The bond shall be dated as of the date of its delivery, shall bear interest from the date thereof at a fixed rate, and shall mature on October 1, 2027. The payment of the principal of and interest on the bond shall be secured equally and ratably by a lien on the revenues derived by the Authority from the operation of the Airport System. The bond may be redeemed prior to its maturity, at the option of the Authority, in whole or in part, from time to time, on any date, in such amounts and in the order of Sinking Fund Installments determined by the Authority. Some key points about this contract include: • The bond is being issued to refund an existing bond, the Tampa International Airport Revenue Refunding Bond, 2018 Series D (AMT). • The bond has a fixed interest rate and matures on October 1, 2027. • The payment of the principal and interest on the bond is secured by a lien on the revenues derived from the operation of the Airport System. • The bond may be redeemed prior to its maturity, at the option of the Authority, in whole or in part, from time to time, on any date.