Jamaica Secures Funding for Montego Bay Airport Projects
Deal News | Aug 18, 2025 | Paul Hastings
Paul Hastings LLP has provided advisory services to the Government of Jamaica and Montego Bay Airport Revenue Finance Limited in securing $400 million via 6.600% senior secured notes due in 2035. This strategic move involves the securitization of Jamaica's entitlement to a share of the revenues from Montego Bay Airport, which will be executed through Montego Bay Airport Revenue Finance Limited. The raised funds are intended to partly refinance Jamaica’s existing debt and facilitate essential infrastructure projects. In the past, Paul Hastings has advised on a similar initiative concerning Kingston airport revenues. The advisory team from Paul Hastings was led by partner Alex Herman, with significant contributions from partner Thomas Sines and associates Anna Barbosa and Gabriella Jassir. Paul Hastings is renowned for its expertise in finance, mergers and acquisitions, and other legal realms, serving top-tier investment entities and corporations globally.
Sectors
- Finance
- Legal Services
- Aviation
Geography
- Jamaica – The central focus of the article is the Government of Jamaica's financial strategies involving its airport revenues.
- United States – Paul Hastings LLP, the advising law firm, is a U.S.-based global firm involved in the transaction.
Industry
- Finance – The article details the securitization of airport revenues, a financial transaction intended to refinance debt and support infrastructure investments.
- Legal Services – Paul Hastings LLP, a law firm, played a crucial role in advising and facilitating the transaction for the Government of Jamaica.
- Aviation – The transaction pertained to the revenues generated by Montego Bay Airport, which are being utilized to secure funding.
Financials
- $400 million – The amount raised through the securitization of Montego Bay Airport revenues via senior secured notes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Companies | A global law firm providing advisory services for the securitization transaction. |
| Government of Jamaica | Client | Government | Engaged in securing financial resources for refinancing debt and funding infrastructure projects. |
| Montego Bay Airport Revenue Finance Limited | Client/Issuer | Companies | Responsible for issuing the $400 million senior secured notes. |
| Alex Herman | Partner, Paul Hastings | People | Led the Paul Hastings team advising on the transaction. |
| Thomas Sines | Partner, Paul Hastings | People | Played a key role in the advisory services. |
| Anna Barbosa | Associate, Paul Hastings | People | Provided support in the legal advisory process. |
| Gabriella Jassir | Associate, Paul Hastings | People | Assisted in executing the advisory for the securitization. |