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Latest Revenue bonds Stories

2010-07-06 05:00:00

HOUSTON, July 6 /PRNewswire-FirstCall/ -- Westlake Chemical Corporation (NYSE: WLK) announced today that it has raised $100 million of tax-exempt revenue bonds due August 1, 2029 with an interest rate of 6.50% per year (the "Bonds"). The Bonds were issued through the Louisiana Local Government Environmental Facilities and Community Development Authority under the Gulf Opportunity Zone Act of 2005. The proceeds from the Bonds were loaned by the Authority to Westlake which in turn issued...

2010-01-22 11:11:00

CINCINNATI, Jan. 22 /PRNewswire/ -- Fifth Third Securities, Inc., recently completed a deal to finance construction for the largest Veterans Administration hospital in Ohio. Fifth Third Securities served as financial advisor and structuring agent for the $115 million bond deal to help renovate and expand downtown Cleveland's Louis Stokes Veterans Administration Medical Center. The Cleveland Cuyahoga County Port Authority through the issuance of taxable, lease revenue bonds financed the...

2009-06-24 18:01:00

SACRAMENTO, Calif., June 24 /PRNewswire/ -- The County of Sacramento (the "County") today announced that it is offering to purchase for cash, upon the terms and subject to the conditions set forth in the Invitation to Tender Bonds dated June 24, 2009 (the "Invitation"), and the related Questions and Answers dated June 24, 2009 (the "Questions and Answers") (collectively, the "Offer"), the following County of Sacramento Airport System Senior Revenue Bonds Series 2008B (AMT) (the "Series 2008B...

2009-02-25 17:06:00

Current construction of Voorhees facility already ahead of schedule MARLTON, N.J., Feb. 25 /PRNewswire-USNewswire/ -- Virtua Health will seek approval to sell tax exempt bonds from the New Jersey Health Care Facilities Financing Authority (NJHCFFA) on Thursday, February 26, 2009. The bonds will be used to continue the financing of its replacement hospital in Voorhees. "We have our plan for finance in place and have met the Finance Authority's requirements to receive approval for the...

2008-12-17 08:15:00

LAS VEGAS, Dec. 17 /PRNewswire-FirstCall/ -- Southwest Gas Corporation (NYSE: SWX) today announced that it completed its tender offer (the "Offer") to purchase for cash up to $75 million aggregate principal amount of the Industrial Development Revenue Bonds (Southwest Gas Corporation Project) and the Industrial Development Refunding Revenue Bonds (Southwest Gas Corporation Project) listed in the table below (collectively, the "Bonds") originally issued by Clark County, Nevada, a political...

2008-12-03 08:15:00

LAS VEGAS, Dec. 3 /PRNewswire-FirstCall/ -- Southwest Gas Corporation (NYSE: SWX) today announced the commencement of a tender offer (the "Offer") to purchase for cash up to $75 million aggregate principal amount of the Industrial Development Revenue Bonds (Southwest Gas Corporation Project) and the Industrial Development Refunding Revenue Bonds (Southwest Gas Corporation Project) listed in the table below (collectively, the "Bonds") originally issued by Clark County, Nevada, a political...

2008-11-14 12:00:22

In conjunction with the Rating Outlook revision and downgrade of Regions Bank short-term Issuer Default Rating (IDR), Fitch Ratings has downgraded municipal bonds with letters of credit provided by Regions Bank. Fitch revised Regions Bank's Outlook to Negative and downgraded its short-term IDR to 'F1' from 'F1+' on March 28, 2008. The Outlooks on the following bonds are revised to Negative, and the short-term ratings are downgraded to 'F1' from 'F1+': --Tippecanoe County (IN)...

2008-11-12 15:00:23

Fitch Ratings expects to confirm the underlying long-term rating of 'A+' currently assigned to the California Department of Water Resources' (DWR) $425 million, series 2005F-3, F-5, and G-11 power supply revenue bonds upon their conversion to a fixed rate mode. The Rating Outlook is Positive. The rating confirmation will be effective on the conversion date of Dec. 1, 2008, at which time the following will occur: (i) the bonds will be converted from a variable rate to a fixed rate mode;...

2008-10-24 15:00:21

Fitch Ratings upgrades to 'A+' from 'A-' Muscatine Power & Water's (MPW) outstanding electric system revenue bonds. The Rating Outlook is Stable. The rating is supported by the electric utility's low-cost coal-fired generation, very competitive rates, and strong financial position with improved system liquidity (over 300 days of operations) as well as its accelerated debt pay-down and future financial flexibility. Favorably, MPW's rapid retirement of its electric revenue bonds (fully...

2008-09-05 15:00:31

Fitch Ratings assigns an 'A+' rating to approximately $394,765,000 Dormitory Authority of the State of New York (DASNY) mental health services facilities improvement revenue bonds, series 2008F. Fitch also affirms the underlying 'A+' rating on about $3.8 billion in outstanding mental health services facilities improvement revenue bonds, including the $72,500,000 series 2003C-2 bonds that are being converted from insured variable-rate to uninsured fixed-rate bonds with this transaction. The...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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