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Bonds for Meat Processer to Be Butchered in Chapter 11
The trustee on $8.5 million of revenue bonds issued to finance a wastewater treatment facility to support a now bankrupt meat processing company in a Chicago suburb has struck a deal to sell the bond-financed assets at a steep discount to the company that's taken over the bankrupt firm.
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Missouri Gov. Jay Nixon wants an economic injury disaster declaration for Ferguson to secure low-interest loans from the U.S. Small Business Administration to aid businesses hurt by the large protests that followed a fatal police shooting of an unarmed teen.  more »
A more than $700 million dollar deal that RBC Capital Markets executed in New Mexico earlier this month is has raised the eyebrows of some market participants, who think the firm's municipal advisory relationships with several New Mexico cities created a conflict of interest when it underwrote the deal for a power authority run by those municipalities.  more »
Kenneth Schuhmacher, former general counsel and commercial director of Skanska Infrastructure Development North America, joined Orrick, Herrington & Sutcliffe.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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