Industries

The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds with a mix of new money and refunding debt.

California and federal officials  reached a $10 million settlement with the owners of a chain of non-profit health clinics and a laboratory in a case involving Medi-Cal and Medicare fraud.

Nebraska's State Highway Commission on Dec. 6 unanimously authorized the issuance of bonds — a state first — to finance the completion of a highway corridor.

A decline in debt service coverage drove S&P's four-notch downgrade for Salinas, California, sewer revenue debt, which it placed on CreditWatch negative.

Kotek has spent the past month working on a very busy agenda involving housing, fires, transportation and construction labor agreements.

The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.

Something less than $400 million of the bonds will be taxable bonds.

As stadium and arena deals grow in complexity and expense, the capital stack often includes a combination of public and private money along with revenue generated by the facilities.

Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance.

Bondholders are prepared to loan up to $22 million to the hospital.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.

"It became apparent that building this new critical care, advanced care bed tower was a strategic imperative," said John Morgan, interim CFO at WMCHealth.

The agency says it will be able to fully fund its current and upcoming capital plan, despite lowered tolls. 

The agencies cited the authority's strong performance and position.

Opposition from President-elect Trump and lawsuits from all sides persuaded Gov. Kathy Hochul to lift her pause on the tolling program.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

The incoming administration's opposition to congestion pricing has put renewed pressure on New York's governor. 

Lawyers are beginning to flesh out what the specifics of what a second Trump administration may look like, and what we can expect before Biden passes the baton.

The upgrade affects most but not all of MEAG's outstanding bonds.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.