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Paying post-petition bond interest to an unsecured creditor during the archdiocese's Chapter 11 bankruptcy is unusual, attorneys say.November 18
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TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.November 5
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The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.October 15
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Treasurer John Schroder, a Republican, has battled with Louisiana's Democratic governor over the funds for the past two years. He has said he will appeal.June 1
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State officials estimate revenue shortfalls could reach more than $2 billion, but also believe the magnitude of budget trouble is "highly uncertain."May 13
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The city will ask the Louisiana State Bond Commission to authorize issuing up to $100 million of revenue notes.May 7
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S&P Global Ratings said balancing the state budget "will be met against a growing cloud of uncertainty” between the recession and COVID-19.May 4
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The new bill to replenish the Paycheck Protection Program clarifies that hospitals created as political subdivisions are eligible.April 22
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After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.April 21
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The Louisiana State Bond Commission authorized four bond issues, and was updated on market volatility created by the COVID-19 pandemic.April 2
