Bond defaults

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.

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.

The deal offers a better recovery than earlier deals but no principal payment for 12 years.

Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.

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.

Deston High School defaulted on series 2021A, 2022A and 2022B bonds.

Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.

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.

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.

While victims' attorneys now signal support for the settlement, bond attorneys still oppose the plan.

The mega-mall's investors will receive their second payment since the reserve fund ran dry in 2022.

The school had less than one time debt service coverage last fiscal year.

The bankruptcy court told bondholders and other creditors they should vote on the proposed reorganization by Oct. 29.

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.

The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.

Six years after opening, the mall has higher sales, more attractions, and a lower property value assessment.

A group of local residents in upstate New York is planning to buy the shuttered Cazenovia College campus for $9.5 million.

Prices for some bonds issued for Florida's express train have fallen sharply since Friday.

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.

The archdiocese allegedly backed away from repeated promises bond parties would be paid in full, they said.