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

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Judge’s Ruling Could Affect Bondholders in Corporate Bankruptcies by STEPHEN J. LUBBEN


By STEPHEN J. LUBBEN

A judge’s order in a bankruptcy case brings up the question of whether bondholders must get a “make whole” payment to get paid in full, Stephen J. Lubben explains in his latest In Debt column.

Published: August 28, 2014 at 4:00AM

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Vivendi Boosts Its Shareholders in Talks for Its Brazil Unit by FIONA MAHARG-BRAVO and NEIL UNMACK


By FIONA MAHARG-BRAVO and NEIL UNMACK

Vivendi seems to have chosen the surest exit for its shareholders and Telefónica doesn’t seem to be overpaying in the latest talks over Vivendi’s Brazilian business GVT, Fiona Maharg-Bravo and Neil Unmack write for Reuters Breakingviews.

Published: August 28, 2014 at 4:00AM

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