BRADENTON, Fla. – Bankrupt Jefferson County, Ala., announced a deal with major creditors Wednesday to allow a modified plan of finance to be approved in conjunction with the county’s plan to emerge from Chapter 9.

No specifics were released about the agreements but new negotiations opened in recent weeks to seek $350 million in additional haircuts because of rising interest rates and capital needs in the time after the original creditor agreements were negotiated.

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