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GEDA and BBMR outline debt plans: 2015 BPT bonds targeted for refunding; Simon Sanchez leaseback needs $16.3M during design/construction, airport arrears of $9.
Summary
GEDA told the committee FY26 plans include a targeted refunding of 2015 BPT bonds and a P3 leaseback for a new Simon Sanchez High School; BBMR cited $9.25 million in aviation fuel‑tax arrears the government must address.
Diego Mendiola, representing the Guam Economic Development Authority (GEDA), briefed the committee on debt‑service plans for FY26. GEDA reported the government could refund Series 2015D business privilege tax (BPT) refunding bonds with an estimated net present value (NPV) savings of at least 2 percent of refunded par; current estimates stated NPV savings near $8.8 million (about 2.9% of refunded par). Pricing was targeted for late July.
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