Investor Relations


The Massachusetts Port Authority ("Massport") is an independent public authority of the Commonwealth of Massachusetts, created by act of the legislature in 1956 to own and operate Boston-Logan International Airport, L.G. Hanscom Field and certain facilities within the Port of Boston. Massport has the power to issue revenue bonds and issue notes in anticipation thereof, to establish, revise and collect tolls and charges for the use of its facilities, and to maintain, repair and operate and to extend, enlarge and improve its facilities. Massport has the power to acquire property by purchase or through the exercise of eminent domain in certain circumstances. Massport has no taxing power. Massport's bonds and notes do not constitute a pledge of the faith and credit of the Commonwealth of Massachusetts or any political subdivision thereof.

Accessible from this page are Massport's most current Statement of Financial Information and Statistical Data, prepared pursuant to Rule 15c2-12 of the Securities and Exchange Commission, and Massport's most current Consolidated Annual Financial Report ("CAFR"). Massport's Statements of Financial Information and Statistical Data and CAFRs for prior fiscal years may be accessed from Massport's Historical Financial Information page of the website.

Massport IRMA Notice

The following notice has been prepared and made available by the Massachusetts Port Authority (the “Authority”), in light of the Securities and Exchange Commission’s (“SEC”) “Municipal Advisor Rule” under Section 975 of Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In accordance with SEC Rule 15Ba1-1(d)(3)(vi)(B), the Authority is represented by and will rely on the advice of its independent registered municipal advisor with respect to all aspects concerning the issuance of municipal securities and municipal financial products (not including the investment of bond proceeds, and otherwise as those terms are defined in the Municipal Advisor Rule).

Currently, Public Financial Management, Inc (“PFM”) is acting as the Authority’s independent registered municipal advisor. PFM is a registered municipal advisor with the SEC and the MSRB. The primary contacts for PFM are:

Peter Miller
Brian Gallucci
50 California St.
Suite 2300
San Francisco, CA 94111
(415) 982 – 5544

June Matte
99 Summer St.
Suite 1020
Boston, MA 02110
(617) 339-6914

The Authority will rely upon the advice of PFM in reviewing any bond issuance or other financial proposals prepared by broker-dealers or underwriting firms. Any changes to the Authority’s financial advisor will be posted on the Authority’s investor relations website.

Massport Notice of Public Hearing

Notice is hereby given that the Massachusetts Port Authority ("Massport") will hold a public hearing on May 27, 2016 at 11:00 a.m. in the Board Room at its executive offices, located at One Harborside Drive, East Boston, Massachusetts, to consider a plan of finance including the issuance of its Revenue Bonds, Series 2016-B (AMT) (the "2016-B Bonds") and the continuation of its Tax Exempt Commercial Paper Notes, Series 2012-B (AMT) (the "2012-B Notes").

The 2016-B Bonds will be issued in an aggregate amount not to exceed $300,000,000 and used to finance (i) costs incidental to the issuance of the 2016-B Bonds; (ii) a debt service reserve fund established in connection with the 2016-B Bonds; (iii) capitalized interest on the 2016-B Bonds; (iv) redemption of $25,000,000 of outstanding 2012-B Notes at maturity; and (v) all or a portion of certain capital improvements to, additions to, equipment for, and related costs for, all or a portion of Massport''s facilities located at Boston-Logan International Airport ("Logan Airport"), East Boston and Winthrop, Massachusetts, including, but not specifically limited to (a) construction, renovation, rehabilitation, demolition, repair, improvement, enhancement, design, or modification of (1) post-security connections between Terminal C and Terminal E; (2) renovations and enhancements to Terminal E to accommodate A380 aircraft; (3) improvements to Terminal B Pier B inclusive of Gates B1 through B22; (4) modification to Terminal B ramp pavements and utilities including the fueling system; (5) construction and renovation of existing Terminal B spaces; and (b) other capital expenditures relating to the construction, renovation, rehabilitation, demolition, repair, improvement, design, or modification of Logan Airport. All improvements, additions, equipment and related items financed with the proceeds of the 2016-B Bonds will be owned by Massport and the 2016-B Bonds will not constitute a debt or pledge of the faith and credit of The Commonwealth of Massachusetts or any political subdivision thereof.

The 2012-B Notes, issued in an aggregate amount not to exceed $150,000,000 outstanding at any time, will be applied to fund all or a portion of the cost of certain capital improvements to, additions to, equipment for, and related costs, of all or a portion of Massport''s facilities located at Logan Airport, including, but not specifically limited to the (a) construction, renovation, rehabilitation, repair, improvement, enhancement, design, or modification of (1) improvements to Terminal B; (2) renovations and enhancements to Terminal E to accommodate A380 aircraft; and (3) post-security connections between Terminal C and Terminal E; and (b) other capital expenditures relating to the construction, renovation, rehabilitation, repair, improvement, design, or modification of Logan Airport. All improvements, additions, equipment and related items financed with proceeds of the 2012-B Notes will be owned by Massport and the 2012-B Notes will be payable solely from revenues of Massport or proceeds of revenue bonds subsequently issued by Massport and will not constitute a debt or pledge of the faith and credit of The Commonwealth of Massachusetts or any political subdivision thereof. Massport has no taxing power.

The public hearing will be conducted in a manner that provides a reasonable opportunity to be heard for persons with views on the issuance of the 2016-B Bonds or 2012-B Notes or the location and nature of the projects. Any person wishing to comment on the issuance of the 2016-B Bonds or the 2012-B Notes or the projects to be funded with the proceeds such Bonds or Notes may appear and speak at the hearing or submit comments in writing, addressed to John P. Pranckevicius, Chief Financial Officer, One Harborside Drive, Suite 200S, East Boston, MA 02128. Persons appearing in person should allow ten minutes to be escorted from the security desk to the hearing. In accordance with the Americans with Disabilities Act, any person needing a special accommodation to participate in this proceeding should contact Anna Tenaglia, Director of Treasury at (617) 568-1037 or atenaglia@massport.com not less than seven days before the hearing. Thomas P. Glynn, Chief Executive Officer and Executive Director.

Appeared in: Boston Globe on Friday, 05/06/2016