CHICAGO — Posey County, Ind. will remarket $1.26 billion of notes Thursday on behalf of Midwest Fertilizer Corp. ahead of plans to put a long term financing in place next year for its controversial fertilizer plant.

It’s expected to be the largest junk-rated private activity bond issue to date when it comes to market. The notes’ termination date will be extended to April 10, 2014 when remarketed.

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