Author: Geoff Weitzel
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Municipal Bond Credit Report: Plastics recycler’s Ohio subsidiary to buy out majority bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida-based plastics recycler PureCycle Technologies announced this week that its subsidiary, PureCycle: Ohio LLC, has agreed to buy out the majority holders of $219.55 million of outstanding private activity bonds tied to its Ironton, Ohio facility, the company’s first polypropylene purification plant… Link to Story
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Municipal Bond Credit Report: More Arizona agency conduit debt lands in bankruptcy court
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another bankruptcy involving bonds issued through the Arizona Industrial Development Authority was filed Tuesday along with a pre-packaged exit plan that would result in bondholder ownership of a reorganized company… Link to Story
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Municipal Bond Credit Report: University of Arizona faces ‘difficult’ changes in effort to fix finances
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The University of Arizona’s fiscal problems will be solved over the next 18 to 36 months as system-wide changes are made, according to school officials who are under pressure from Gov. Katie Hobbs to take action… Link to Story
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Municipal Bond Credit Report: Barclays added to list of banks banned from Texas muni bond sales
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The list of investment banks no longer eligible to underwrite municipal bonds in Texas due to their lack of compliance with state laws aimed at protecting the fossil fuel and firearm industries grew on Friday with the addition of Barclays… Link to Story
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Municipal Bond Credit Report: Migrant care costs weigh on Denver’s safety net healthcare system
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Denver Health, Colorado’s sole safety net healthcare provider, is nearing a breaking point as an influx of migrants adds to escalating uncompensated care costs… Link to Story
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Municipal Bond Credit Report: Legal battle over Illinois pensions ends with consolidation upheld
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Illinois Supreme Court on Friday ended a three-year legal battle over the constitutionality of the pension consolidation passed by the General Assembly and signed into law by Gov. JB Pritzker in 2019… Link to Story
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Municipal Bond Credit Report: GDPNow — 3.0 percent — January 26, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 3.0 percent on January 26… Link to Story
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Municipal Bond Credit Report: A Muni Giant Exits the Field. What It Means for the $4 Trillion Market.
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: When bankrupt Jefferson County, Ala., needed to find buyers for a new bond sale, Citigroup was there. When Detroit tiptoed back to market after haircutting bondholders… Link to Story
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Municipal Bond Credit Report: Small Ohio college strikes forbearance deal with bondholders
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Lake Erie College, a small private school in Ohio, entered into a forbearance agreement with bondholders after the school didn’t meet certain covenants it agreed to as part of a debt sale. .. Link to Story
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Municipal Bond Credit Report: California senior living bond deal benefits from new legislation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Two public finance professionals helped craft legislation that added whole categories of residential care facilities to the list of borrowers eligible to issue debt through the California Health Facilities Financing Authority… Link to Story