Bankrupt Jefferson County, Ala., reached a settlement with Depfa Bank to reduce the interest rate on $162.5 million of variable-rate school warrants. The concession doesn't bode well for other secured creditors, says MMA's Matt Fabian.
JeffCo and Depfa Reach Deal on Defaulted School Warrants
Union League Club, Philadelphia, PA
October 21-23, 2015San Francisco Marriott Marquis, San Francisco, CA
Omni Providence Hotel, Providence, RI