Bankruptcy

The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.

As the company moves to exit Chapter 11, it wants Ohio and Pennsylvania to force ratepayers to subsidize its unprofitable nuclear power plants.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

The Trump administration will finalize $3.7 billion in loan guarantees to Southern Co. and its partners who are building a troubled nuclear reactor project in Georgia.

A Chicago-area ice rink facility built with $20 million of bonds is being sold for $10 million.

The ruling ends the ratepayers’ appeal, although they intend to pursue adversary cases filed in the original Chapter 9 case, attorney Calvin Grigsby said.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.

Ratepayers on the Jefferson County, Alabama, sewer system said the high court should decide if their appeal can proceed.

About $920 million of the investor owned utility's debt is in the form of municipal bonds.

KPC Group has agreed to be a stalking horse bidder for Verity Health System's remaining four hospitals.

California’s largest utility owner faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry.

Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

Two recent cases saw bondholders take a hit because their liens were not considered to be perfected.

A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Those involved with financing such entities need to go beyond labels, and fully understand the facts that impact eligibility.

An appellate court denied a request to reconsider an August ruling that effectively ended a long-running appeal of the county's Chapter 9 case.