{"id":129369,"date":"2017-12-22T00:00:00","date_gmt":"2017-12-22T00:00:00","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/press-releases\/financial-closure-great-hall-project-denver-airport\/"},"modified":"2025-07-14T13:19:28","modified_gmt":"2025-07-14T11:19:28","slug":"financial-closure-great-hall-project-denver-airport","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en-us\/press-releases\/financial-closure-great-hall-project-denver-airport\/","title":{"rendered":"Ferrovial achieves financial closure of the Great Hall project, at Denver Airport, for 650 million dollars"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p>The <strong>Great Hall Partners<\/strong> consortium, led by <a title=\"Ferrovial Airports\" href=\"https:\/\/www.ferrovial.com\/en\/business-lines\/airports\/\">Ferrovial Airports<\/a>, has achieved <strong>financial closure<\/strong> of the contract for remodeling and commercial operation of the <strong>Jeppesen terminal<\/strong> at <a title=\"Denver International Airport\" href=\"https:\/\/www.flydenver.com\/\">Denver International Airport<\/a>. Financial closure comes after the signature of the contract between Denver City and County and Great Hall Partners on 24 August 2017. Ferrovial Airports, with an 80% stake, is the majority partner of the consortium, alongside <a title=\"Saunders Construction\" href=\"https:\/\/www.saundersinc.com\/\">Saunders Construction<\/a> and <strong>JLC<\/strong> (an investment fund created by <a title=\"Loop Capital\" href=\"https:\/\/www.loopcapital.com\/about-us\">Loop Capital<\/a> and <a title=\"Magic Johnson Enterprises\" href=\"http:\/\/magicjohnson.com\/\">Magic Johnson Enterprises<\/a>). The construction and refurbishment work, worth a total of <strong>650 million dollars<\/strong>, will be carried out by <a title=\"Ferrovial Agroman\" href=\"https:\/\/www.ferrovial.com\/en\/business-lines\/construction\/\">Ferrovial Agroman<\/a> and Saunders Construction.<\/p>\n<p>The total investment will be financed by a combination of governmental payments, equity committed by the consortium partners, and the bond issue completed yesterday. The <strong>equity<\/strong> provided by the consortium amounts to <strong>73 million dollars<\/strong>, while the bond principal amounts to <strong>189 million dollars<\/strong>. The bond was <strong>rated BBB<\/strong> by <strong>Fitch<\/strong> and BBB- by <strong>S&amp;P<\/strong>. The bond has an average yield to maturity of 4.083% and is callable before maturity. The average yield to call is 3.34%.<\/p>\n<h2>Full upgrade of the terminal<\/h2>\n<p>The Great Hall project consists of upgrading the Jeppesen terminal at Denver Airport, encompassing over <strong>70,000 square<\/strong> <strong>meters<\/strong> of floor space. The upgrades include creating new shopping and foodservice areas, relocating and expanding the TSA screening areas, improving building access and passenger flow, creating a new check-in area, and optimizing space and efficiency in the terminal.<\/p>\n<p>Opened in 1995, Denver International Airport is the <strong>largest commercial airport<\/strong> in North America in terms of acreage and ranks <strong>sixth in terms of traffic<\/strong>. It is served by <strong>25 airlines<\/strong>, flying 58 million passengers each year to and from over <strong>180 destinations<\/strong> in the Americas, Asia and Europe.<\/p>\n<p>The Great Hall project, the first contract awarded to Ferrovial Airports in the US, provides <strong>new business opportunities<\/strong> in public-private partnerships (P3), a space in which the company already has extensive experience through subsidiaries <a title=\"Cintra\" href=\"https:\/\/www.ferrovial.com\/en\/business-lines\/toll-roads\/about-cintra\/\">Cintra<\/a> and Ferrovial Agroman. The number of P3 projects has expanded rapidly in the US, and is expected to continue in the coming years since this approach offers great advantages to governments wishing to execute infrastructure projects.<\/p>\n<p>&nbsp;<\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":129370,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[3067,2786,3068,3021,2954,2790,2819],"nivel-5":[3069,2804,2828],"nivel-1":[2784,2870],"nivel-3":[2802],"nivel-4":[],"class_list":["post-129369","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","nivel-2-aereo-en-en-us","nivel-2-airport-infrastructure-en-us","nivel-2-bonds-en-us","nivel-2-contracts-en-us","nivel-2-facilities-en-us","nivel-2-infrastructures-en-us","nivel-2-projects-en-us","nivel-5-denver-international-airport-en-us","nivel-5-ferrovial-airports-en-us","nivel-5-ferrovial-construction-en-us","nivel-1-airports-en-us","nivel-1-construction-en-us","nivel-3-united-states-en-us"],"acf":[],"yoast_head":"<title>Ferrovial achieves financial closure of the Great Hall project, at Denver Airport, for 650 million dollars Ferrovial<\/title>\n<meta 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