Financially distressed Scranton, Pa., received $14.7 million through a private placement Thursday with Janney Capital Markets.

The issuance consists of $9.75 million in Series 2012C general obligation bonds and $4.91 of Series 2013A general obligation notes. The larger amount will cover court-approved unfunded debt, while the smaller series will refund a portion of 2013 debt service on Series 2003 bonds.

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