Bankruptcy

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.

Less than two years after filing for bankruptcy protection, the private operator of a section of SH 130 toll road near Austin has reorganized with new financing.

South Carolina and Georgia nuclear reactor owners inked deals supporting the projects, though they’re still deciding whether to complete them.

A judge approved Navicent Health’s bid for the purchase of Oconee Regional Medical Center.

The agreement allows owners of two new reactors at Plant Vogtle to take over construction.

Regulators will hear claims that ratepayers face hikes from a “bungled” nuclear reactor project.

Sean Carney, director and head of municipal strategy at BlackRock, talks about municipal issuance in the first half of 2017 and makes some predictions on how the second half of the year will look. He also discusses distressed states — which state could recover first and why and how a downgrade of Illinois would be a big deal for the market. Hosted by Aaron Weitzman in a conversation recorded on June 29.

A group of hedge funds that owns $3.3 billion of Puerto Rico bonds disclosed in court documents the amount that each of them holds.

The county’s 25-year, $339 million refunding sold with an all-in, true-interest cost of 3.38%.

As the crisis in Puerto Rico continues to drag on, Paul Kwiatkowski, managing director at Kroll Bond Rating Agency discusses the differences between municipal and corporate creditors in bankruptcies and how we can look back at Detroit for clues on how things might turn out. Hosted by Aaron Weitzman.

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

The county plans to price $344 million of limited obligation refunding warrants, with a new 1% local sales tax supporting debt service.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.

Puerto Rico Electric Power Authority bonds were slashed to D Thursday by Fitch Ratings in the wake of the utility’s bankruptcy filing.

The five year municipal default rate since 2007 is twice the average since 1970, though it's still a fraction of the default rate on corporate bonds.

Orange County is out of the woods, but other California governments face challenges.

Puerto Rico's oversight board's decision against the power authority's restructuring support agreement moves $9 billion of debt closer to bankruptcy.

A deal to restructure $9 billion of Puerto Rico electric debt fell apart as a federal control board rejected the accord Tuesday, pushing the island’s main power utility closer to a potential bankruptcy.

South Carolina reactor owners continue to review their options after Westinghouse’s bankruptcy.