Restructuring

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

Management is hiring a municipal advisor to evaluate its financial strategy.

Bondholders are prepared to loan up to $22 million to the hospital.

Eisner Advisory Group Partner Allen Wilen is the chief restructuring officer for Jackson Hospital & Clinic.

The fiscally stressed Chicago suburb offered terms, including a 20-year maturity extension for a possible bond exchange, as it looks to restructure debt.

The Internal Revenue Service has moved to mandatory electronic filing of its form which deals with direct payments of Build America Bonds and Qualified Zone Academy Bonds.

Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.

With convention and hotel taxes plummeting, Lexington is financing up to three years of debt service to avoid default and backing the deal with a GO pledge.

Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.

Adventist Health West agreed to pay $112 million in Fremont-Rideout Health Group bond debt as part of a merger.