Bond defaults
Pennsylvania nursing-home operator Senior Choice defaults after COVID turmoil
Senior Choice Inc. failed to make interest and principal payments due Oct. 31 on its $15.9 million bond issued in 2006 by the Cambria County Industrial Development Authority, according to a regulatory filing Wednesday.
Read MoreMuni market shows strength despite tepid global economy
The number of municipal bond delinquencies declined in the third quarter, despite some dramatic outliers that Moody’s Investors Service characterized as idiosyncratic in a report released Monday.
Read MoreAnother payment miss expected for grant-backed American Dream bonds
Tax-exempt bonds issued for the American Dream mega mall backed by New Jersey economic development grants are poised to miss a third straight interest payment.
Read MoreObjections filed against U.S. trustee’s motion in Arizona sports venue bankruptcy
Bondholders, other creditors, and the venue’s owner argued the U.S. trustee’s move would be detrimental for a plan to sell the facility to maximize recoveries.
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