CHICAGO -- Weeks after Indiana dropped state support for a controversial fertilizer plant -- and three weeks before $1.3 billion of notes floated for the plant come due -- the county where the facility would be located said it would step in to help finance the deal. 

Posey County in southwest Indiana agreed to issue $1.3 billion of short-term debt by the end of this month to help the borrower refinance the original bonds issued by the Indiana Finance Authority late last year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.