New Jersey's American Dream mall misses another debt payment
A reserve account doesn't hold enough cover the semi-annual $8.7 million interest payment, said the bond's trustee.
Source: bondbuyer.com
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Judge confirms bankruptcy exit plan for former Texas senior living operator
Christian Care Centers' bankruptcy liquidation plan leaves bondholders impaired after an asset sale raised only $44.25 million.
Source: bondbuyer.com
S&P slashes Chicago suburb's GO rating for default on unrated issue
Bolingbrook called the GO cut to BBB-plus from AA an attempt "to cause a de facto conversion" of a special sales tax district's debt to a general obligation.
Source: bondbuyer.com
Bond-funded suburban Chicago hotel pays some overdue interest
The complex restructured its debt through bankruptcy in 2018 but COVID-19 knocked its recovery off track.
Source: bondbuyer.com
Time of essence in proposed bond refinance of Arizona sports park
Legacy Cares, which left construction contractors unpaid and had its bond trustee declare a default event, says a new debt sale will clear up its fiscal issues.
Source: bondbuyer.com