Welcome to My Site.

Thanks for taking time to visit my site. For more information, please check out my home page: http://adamkhoowealth.com/

Thursday, August 28, 2014

Barclays Agrees to Lend Detroit $275 Million to Exit Bankruptcy by MARY WILLIAMS WALSH



By MARY WILLIAMS WALSH


Part of the proceeds will be used to retire a $120 million loan, also from Barclays, that Detroit used to pay for its operations while in Chapter 9 bankruptcy. In addition, the city will use about $100 million of the proceeds to pay its obligations to two classes of bankruptcy creditors. The remaining amount is to be invested in public improvements intended to help reverse Detroit’s long decline.


Published: August 28, 2014 at 4:00AM


from NYT Business Day http://ift.tt/1tfLcOd

via IFTTT








from WordPress http://ift.tt/1vrscNm
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)