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While the plan of reorganization says bondholders will get 100% of principal, it won't be for 12 years. And they will lose some interest.
December 9 -
This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.
December 8 -
The deal offers a better recovery than earlier deals but no principal payment for 12 years.
November 25 -
Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.
November 3 -
Summit Utilities Oklahoma used reserve funds to help cover an Oct. 1 payment on taxable bonds sold in 2022 through the Oklahoma Development Finance Authority.
October 1 -
Deston High School defaulted on series 2021A, 2022A and 2022B bonds.
September 25 -
Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.
September 18 -
A TIF fund established by the Alexandria Industrial Development Authority supporting a troubled hotel renovation project in downtown Alexandria, Virginia, is reported to be in default.
September 15 -
A judge sentenced Randy Miller to six years in prison and his son, Chad Miller, to five years. They had pleaded guilty to fraud stemming from a bond sale.
September 9 -
While victims' attorneys now signal support for the settlement, bond attorneys still oppose the plan.
September 9 -
The mega-mall's investors will receive their second payment since the reserve fund ran dry in 2022.
September 9 -
The school had less than one time debt service coverage last fiscal year.
September 5 -
The bankruptcy court told bondholders and other creditors they should vote on the proposed reorganization by Oct. 29.
September 3 -
The Westin Chicago Lombard's owner is returning to market with unrated bonds designed to cure payment defaults on debt issued to exit bankruptcy in 2018.
September 3 -
The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.
August 11 -
Six years after opening, the mall has higher sales, more attractions, and a lower property value assessment.
August 11 -
A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million.
July 22 -
Prices for some bonds issued for Florida's express train have fallen sharply since Friday.
July 15 -
Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.
June 27 -
The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.
June 20














