CHICAGO — Detroit sent out a request for proposals soliciting debtor-in-possession financing to a targeted group of lenders late last week, but they will remain confidential.

The city, which filed for Chapter 9 bankruptcy July 18, sent the RFP to more than a dozen banks and other financial institutions that provide DIP loans.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.