St. Maarten's Princess Juliana International Airport has closed a $132 million bond issue to finance airside improvements.
The debt will be used to resurface the runway, add new taxiways, expand the aircraft apron and add additional space to park aircraft, according to a recent Moody's Investor Services report. The airport opened a new terminal with four jetways in 2006.
Moody's rates the debt Baa2.
The airport is owned by the government of Sint Maarten.