The Kansas City Industrial Development Authority will price more than $600 million of bonds as the replacement of Kansas City International terminals advances.
New Jersey and Nevada were the only states to exhaust their reserves in the early months of the COVID-19 pandemic.
Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.
Adam Andrzejewski, CEO of OpenTheBooks.com, cites years of reckless spending and mismanagement. Paul Burton hosts. (14 minutes)
Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.
The airport will sell $925 million in a deal structured to lower short-run debt-service outlays as it manages through the coronavirus-driven air travel decline.
The maximum allowable issuance under the SEC's temporary exemption is $20 million.
Recovery will be more difficult because rates were low before the pandemic, Federal Reserve Bank of Boston President Eric Rosengren said.
-
Recovery will be more difficult because rates were low before the pandemic, Federal Reserve Bank of Boston President Eric Rosengren said.
October 8
-
Disney in late September said it would lay off 28,000 employees at California's Disneyland and Florida's Walt Disney World resorts.
October 8
-
Trump promised passage of a stimulus package after his presumed re-election, but later offered to sign separate pieces of the larger package that the White House walked away from.
October 7
-
Low oil prices and the pandemic slowed the Lone Star State's revenue stream.
October 7
-
Long Island county prepping $290 million offering while confronting a giant revenue shortfall.
October 6
-
Analysts say closer to 100% of issuers should be disclosing COVID-19 impacts, when in actuality, that number is much lower.
October 6
-
Fed Chair Jerome Powell said the government shouldn't worry about "overdoing it."
October 6
