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The value of the Florida cancer treatment center and the mortgaged property is unlikely to cover the bond debt, the trustee said.
July 29
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"It behooves everybody to get something consensual," said a Florida bankruptcy attorney.
July 27
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Private Milliken University in Illinois is sweetening its upcoming bond deal by adding a student apartment complex to increase investor protections.
July 21
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The U.S. Department of Housing and Urban Development is suspending between $1 billion and $2 billion of aid approved.
July 21
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Despite some struggling projects, student housing P3 deals that hit the primary market this year have enjoyed oversubscribed demand.
July 17
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The grace periods are getting shorter.
July 16
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The Build America Bureau "continues to work with the project sponsor to obtain the information required for the creditworthiness review," said a USDOT spokesperson.
July 14
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The committee's focus will be quickly devise means to address the Water and Power Authority's long-term obligations.
July 9
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A hearing on the borrower's motion to dismiss is set for July 15.
July 7
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The BB-plus rated borrowing comes as high-yield supply remains strong in the muni market.
June 23
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The tobacco sector has been among the worst-performing in the muni market this year, but some say it's still overvalued.
June 18
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Bondholders also waived an event of default for $22 million of senior debt that Brightline took on in May.
June 16
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After the DOT "expedited" a $25 million investment in the train, Q1 trespassing incidents and collisions on Brightline Florida fell 30% year-over-year, the office said.
June 15
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The developer faces no penalties from the missed interest payment.
June 8
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On the primary market, some deals are oversubscribed and others sent back to the drawing board.
June 5
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The Nassau County Tobacco Settlement Corp's ability to continue as a going concern depends on restructuring its tobacco debt, the county's audit said.
June 4
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With nearly $4.5 billion of tax-exempt bonds, a restructuring or bankruptcy would be among the muni market's largest to date.
June 3
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"If successful in its motion, the trustee will harm not only patients, but also likely completely devalue all the bondholders' investments," Crossroads Health Management LLC said in a court filing.
May 13
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"I don't mind owning a railroad for $2.4 billion," said Assured CEO Dominic Frederico.
May 11
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The deal comes as high-yield muni investors are hungry for paper.
May 8
