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The Great Lakes Senior Living Communities is working with holders of its $380 million of debt to raise funds for needed capital expenses
July 22 -
According to disclosure notices, payments on two series of bonds issued in 2017 weren’t made on July 1 because of insufficient funds.
July 14 -
The two issuers that defaulted suffered from pre-existing conditions, according to Moody's analysts.
July 13 -
S&P said the rating on the senior living revenue bonds Capital Trust Agency issued for borrower H-Bay Ministries Inc. of Texas will now be withdrawn in 30 days.
July 8 -
Final payouts are approaching for $170 million of defaulted BHF bonds with haircuts ranging from less than 10% to more than 50%.
April 27 -
The Westin Lombard Yorktown Center in Chicago's suburbs reopened over the summer, but isn't drawing enough business to cover a Jan. 1 debt service payment.
February 2 -
As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.
January 20 -
Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.
January 7 -
Park Place at Elmhurst would restructure and redeem $141 million of bonds issued to exit its 2016 Chapter 11 under a plan pending before a bankruptcy court.
January 5 -
The default-ridden Chicago suburb says the court's action to give it back control of its water operation could aid its 2021 objective of restructuring debt.
December 31