Iowa

The owner of an Iowa nitrogen fertilizer plant with more than $800 million of munis outstanding is trying to sell the plant to one of its largest competitors.

Polk County, Iowa is issuing $113 million of general obligation capital loan notes, Series 2024A, for the Des Moines Airport Authority's new terminal project.

The bankruptcy of Iowa City's Mercy Hospital is closer to an end with the resolution of a dispute between unsecured creditors and the trustee and bondholder.

Some public colleges in the Midwest are facing budgetary squeezes paired with programming directives from state legislators, a departure from trends elsewhere.

After two auctions, Mercy Hospital, a nonprofit hospital in Iowa City, was sold, but bondholders' recovery will hinge on the Chapter 11 liquidation process.

A U.S. Bankruptcy Court hearing Monday will take up the university's winning bid for Mercy Hospital at last week's reopened auction.

The number of municipal bond delinquencies declined in the third quarter, despite some dramatic outliers that Moody's Investors Service characterized as idiosyncratic in a report released Monday.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

The Des Moines Airport Authority wants to take advantage of Polk County's triple-A ratings to lower borrowing costs for a terminal project.

Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.

Major bondholder Preston Hollow and the trustee for $86 million of debt sold for Mercy Iowa City in 2011 and 2018 pointed to default events.

One of the largest P3s in the university energy space has landed in court three years into a 50-year contract.

Several Midwest hospital mergers that are in the works will contribute to the 2023 numbers while one announced in 2022 just closed.

Iowa Wesleyan University's pitch to the state government for federal COVID-19 relief funds fell short, and the school plans to close its doors.

Each would preserve their individual brands with a new organization functioning as the parent company with the aim of cutting administrative costs.

Recent federal legislation marks the largest investment in carbon management in the history of the U.S., which is already a global leader in the space.

The lawsuit comes as higher education energy concessions have become one of the most active spaces in the P3 market.

The popularity of Arizona's universal school choice program, which pays for private schools, brought higher-than-projected costs and future budget impact.