The Connector 2000 Association Inc., a beleaguered Greenville, S.C., toll road operator that a year ago defaulted on $329 million of bonds, needs bondholders to approve a tentative restructuring plan to exit bankruptcy.

The plan was hammered out last November between South Carolina, the association that operates the Southern Connector toll road, and a handful of institutional bondholders. If approved, the Connector could issue new bonds in April.

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.