CHICAGO – Chicago plans to enter the market Thursday with $326 million of Midway International Airport second lien refunding bonds in a long planned restructuring that had been on hold as the city pursued a privatization deal. 

Any lease privatization deal would have required that the city pay off Midway’s $1.4 billion of first and second lien revenue bonds making moot a restructuring. The city’s decision to drop the privatization effort moved the long-planned restructuring back to the front burner.

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