Barclays Agrees to Lend Detroit $275 Million to Exit Bankruptcy - Ne...

Barclays Agrees to Lend Detroit $275 Million to Exit Bankruptcy
New York Times
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 ...