North Carolina

Advocate Aurora Health and Atrium Health finalized their merger Friday.

The North Carolina Medical Care Commission got the green light to issue $105.1 million of tax-exempt revenue bonds to fund a five-story building that will house 71 independent living apartments.

The North Carolina Local Government Commission approved a $1.7 billion general obligation bond deal for Guilford County, which it held over last month.

AccuWeather says Hurricane Ian may turn out to be one of the costliest storms in the county's history due to its violent storm surge, damaging winds and overpowering flooding rains.

Guilford County's request for a $1.7 billion voter-approved bond package, however, was put on hold until the next Local Government Commission meeting.

Since 2011, the city has issued about $5.6 billion of debt, with the most issuance occurring in 2021 when it sold $785 million.

While the number of deals slipped, the amount of revenues involved in announced transaction hit a peak.

Several states have passed, or are considering, legislation to bar local governments from making payments to criminals who hold computer systems hostage.

If the deal closes, the two systems say they will evaluate existing debt structures and combine credits where possible and beneficial.

The state's Local Government Commission approved more than $1.5 billion in bond and financing agreements, including more than $600 million for the airports.

Ten states, includeing five in the Southeast, pre-pandemic employment levels in January, according to Fitch Ratings. In an update, the U.S. Labor Department reported Florida’s seasonally adjusted unemployment rate fell to 3.3% in February.

North Carolina Treasurer Dale Folwell talks with The Bond Buyer's Chip Barnett about how the state's economy has remained in financially good health despite dealing with the COVID-19 pandemic as well how the state deals with troubled municipalities. As chair of the debt affordability commission, he chats about bond issuance. He also discusses the ways to reform healthcare and increase transparency. (15 minutes)

The new office is the firm’s first in the Southeast region.

The action on East Laurinburg is the first time the Local Government Commission used its new power to dissolve an economically unsustainable municipality.

The Local Government Commission voted to approve the city financing to extend utilities into annexed areas, as well as other deals around the state.

The “tool kit” legislation expands powers of the Local Government Commission, including a last-resort legal process for voluntary or involuntary dissolution.

A pair of bond sales coming out of the Carolinas found homes with investors this week as demand for the paper was high.

A large increase in new money bond issuance pushed the 11-state region to a big year-over-year volume gain.

Production companies making films, TV series and commercials may offer North Carolina $409 million of revenue this year.

The N.C. Local Government Commission approved Wake County's request to finance almost $600 million for school and community college projects and the state’s plan to issue $300 million of GARVEEs for DOT work.