John F. Kennedy Airport New Terminal One

Overview

Deal Type Debt Capital Markets
Size $4.9 Billion
Senior Secured Credit Facilities
Client & Transactional Partners The Carlyle Group
Ferrovial
JLC Infrastructure
Ullico

Summary

On July 7, 2022, KeyBanc Capital Markets (KBCM) successfully closed $4.9 billion of Senior Secured Credit Facilities in relation to the John F. Kennedy Airport New Terminal One Development and Expansion. On October 4, 2018, the New Terminal One Consortium of Ferrovial, The Carlyle Group, JLC Infrastructure, and Ullico was designated by the Port Authority of New York & New Jersey as the preferred developer to redevelop the 100% international passenger terminal, The New Terminal One, pursuant to a 30-year lease, on the area historically occupied by Terminals 1, 2 and 3. This is an $8.3 billion construction project. KBCM served as Senior Managing Agent on the transaction.

Recent Deals

July 2025

kodiak

a portfolio company of

courtsquare

divested

kodiak partner

to a

Private Investor Consortium

Exclusive Sell-Side Advisor

kodiak-interiors-group-llc
July 2025

beacon

acquired

ascension borgess

from

ascension

Financial Advisor

beacon-health
July 2025

a portfolio company of 

and

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

allied

$245 Million

Senior Secured Credit Facilities

Debt Advisor

allied

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