Industries

BRADENTON, Fla. — The Connector 2000 Association Inc. was expected to begin the exchange of restructured bonds on Monday as part of the South Carolina toll road operator’s bankruptcy plan, which went into effect last week.

The agency that runs the long-struggling San Joaquin Hills toll road in California is asking for a nod from bondholders to restructure its debt portfolio to stay afloat.

With an airline lawsuit behind it and structural tinkering completed, Chicago will enter the market this week with $1.1 billion of mostly new-money revenue bonds to finance the next phase of projects under an $8 billion expansion program at O'Hare International Airport.

New York's Metropolitan Transportation Authority Thursday announced that it plans to sell three buildings on Madison Avenue in midtown Manhattan to raise about $150 million.

Standard & Poor's last week revised its outlook to positive from stable for AHS Hospital Corp., which operates three facilities in northeastern New Jersey. The rating is A.

WASHINGTON — The Internal Revenue Service has closed its audit of $308 million of variable-rate bonds issued by Murray City, Utah, in a 2003 conduit health care transaction without any change to the bonds’ tax-exempt status.

CHICAGO — Michigan Gov. Rick Snyder is floating a draft bill to advance a controversial and long-stalled $3.8 billion, partially bond-financed bridge spanning the busy trade route between Detroit and Canada.

BRADENTON, Fla. — A massive overhaul of Virginia’s transportation program will enable the state over the next three years to fund $4 billion of road, rail, and transit projects supported by increased bonding capacity and new financing programs.

The Delaware River and Bay Authority could raise Delaware Memorial Bridge tolls by $1 on July 1 to help finance nearly $200 million of capital needs during the next five years.

Gov. Rick Scott Monday named Ananth Prasad as secretary of the Florida Department of Transportation.

DALLAS — Isolux Corsan Group, a private Spanish developer, could finance and build the next major link in a beltway around the Denver metro area if it reaches agreement with the Jefferson Parkway Public Highway Authority.

Heartland Regional Medical Center received positive credit news from both Fitch Ratings and Moody’s Investors Service.

Iowa Gov. Terry Branstad last week made good on his promise to reject any one-year spending bills by vetoing a measure that provided about $350 million for transportation programs in fiscal 2012.

Rochester, Minn.-based Mayo Clinic will enter the market Wednesday and shift $290 million of variable-rate securities to a fixed-rate structure to open up room in its debt portfolio for future floating-rate debt that would finance two proton therapy centers.

The Santa Rosa Bay Bridge Authority, which oversees the Garcon Point Bridge in north Florida, appears to be headed for default in July.

CHICAGO — Indiana University Health Inc., the state’s largest health care system, on Monday will price $228.2 million of variable-rate bonds in the first of three borrowings that will total nearly $800 million.

DALLAS — Sen. David Vitter, R-La., met last week with federal officials to oppose Louisiana’s request for credit enhancement on $400 million of revenue bonds for a new $1.2 billion teaching hospital in New Orleans.

DALLAS — The Texas Transportation Commission has cleared the way for financing a $1.6 billion toll road in Dallas County that leverages a federal loan and the TTC’s strong credit ratings.

CHICAGO — The Illinois Finance Authority expects to launch a program in the coming months that links state Medicaid providers with private investors willing to purchase overdue payment vouchers in case lawmakers fail to act on Gov. Pat Quinn’s $2 billion borrowing plan to ease the state’s liquidity crisis.

BRADENTON, Fla. — Government-owned hospitals in Florida will come under scrutiny by a panel appointed by Gov. Rick Scott to review whether they are in the best interest of taxpayers.