Industrial Development Revenue Bond

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Industrial Development Revenue Bond

A municipal bond in which a local government entity is seeking to raise money for a private company. A municipality issues an IDRB when it wishes to attract a business and the jobs in brings to the area, especially when the business may be otherwise unable to obtain financing for the project.
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The long-term 'AA-'/Stable Outlook ratings assigned to the series 2018-ZF0693 Floater and Residual Certificates are based on the rating that Fitch has assigned to the Pennsylvania Authority for Industrial Development Revenue Bonds (Philadelphia of Osteopathic Medicine Project), Series 2018 that have been deposited in the series 2018-ZF0693 trust.
The City of Wentzville desires to issue Chapter 100 Industrial Development Revenue Bonds (the Bonds ) in order to finance the NorthPoint Development Project (collectively, the Project ) described as follows: The construction and development of an automobile manufacturing supplier park adjacent to the General Motors Wentzville Assembly Plant.
FORT SMITH--Fort Smith has approved the issuance of up to $150 million in industrial development revenue bonds for an expansion at Gerber Products Co.'s plant in the city.
The purchase price consists of USD5.156m in cash and an assumption of TIN Inc's USD14.844m in debt guarantees associated with Union County, Arkansas Taxable Industrial Development Revenue Bonds that were issued in 1998 to finance the construction of the Del-Tin Fiber facility.
(ADPnews) - Aug 12, 2010 - S&P yesterday gave its A+/A-1 ratings to the remarketed Illinois Development Finance Authority's variable-rate demand industrial development revenue bonds, series 1999.
These offerings have included 501(c)(3) bonds, housing bonds, transportation bonds, hospital and other health care revenue bonds, civic facility revenue bonds, industrial development revenue bonds, water and sewer bonds, lease revenue bonds and tobacco securitizations.
Southwest Gas Corporation (NYSE:SWX), a US-based company that transports and distributes natural gas, has completed a tender offer to acquire Industrial Development Revenue Bonds and the Industrial Development Refunding Revenue Bonds.
In April 2004, the 30-year-old company looked at building a new plant in the Glenwood area and began the process required for the state to issue industrial development revenue bonds to help finance expansion.
Securities and Exchange Commission, assigned a 'AA-'/'F1+' rating to the $4,000,000 Hale County Industrial Development Corporation variable rate demand industrial development revenue bonds (Jess Visser d/b/a White River Ranch Project), series 2004.
The Jonesboro City Council approved on Tuesday issuing up to $41 million of industrial development revenue bonds for Unilever United States Inc.
As part of the state's qualifying process, the Lane County Board of Commissioners earlier this month approved GloryBee's request to pursue industrial development revenue bonds. State law requires local officials to confirm that the site a company is considering is suitably zoned.
New York: Fitch Ratings has upgraded the Clark County, NV industrial development revenue bonds (Southwest Gas Corporation Project), series 2003A to 'AA'/'F1+' from 'AA-'/F1+' due to the action taken by Fitch on the bonds' enhancement provider, JP Morgan Chase Bank, N.A.

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