What a Texas airport rental car company’s borrowing says about investor optimism for a travel rebound
The Austin facility refinanced about $147 million of bonds to help ease debt service payments giving it more than enough breathing room to stay afloat until the pandemic is over.
The checkpoint area at Austin-Bergstrom International Airport.(Dan Herron)
For investors betting on air travel’s comeback, the municipal bond market is ready for you.
A rental car facility at the airport in one of America’s biggest boomtowns is selling bonds, the first such debt offering of its kind since the pandemic began.