The Daily Docket: Indiana Toll Road Operator Files for Bankruptcy
The debt-stricken operator of an Indiana Toll Road filed for bankruptcy protection Sunday with a plan to get restructure some $6 billion debt by selling its assets or, alternatively, reorganizing its business. Read the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)
Power-plant owner Entegra Power Group LLC won swift confirmation Friday of a Chapter 11 plan that chops $750 million worth of debt from its $1.5 billion balance sheet. Read the DBR article via The Wall Street Journal.
The bidding is now open on Energy Future Holdings Corp.’s rights to Oncor, a Texas transmission business that’s going up for grabs in bankruptcy, DBR reports via WSJ.
Detroit’s water issue is getting tackled in bankruptcy court Monday, the Detroit Free Press reports.
Vodafone Group PLC offered to buy 140 Phones 4u stores for an undisclosed amount, WSJ reports.
According to WSJ, RadioShack said it unsuccessfully tried to persuade a major supplier to help its finances.
A judge on Friday ordered General Motors Co. to turn over internal documents related to the ignition-switch defect, WSJ reports.
Online poker company Ultimate Gaming is quitting the New Jersey market, Bloomberg reports.
American Airline Group Inc. reached a tentative deal with flight attendants on a collective-bargaining agreement, WSJ reports.
An appeals court wouldn’t rule Friday on Citigroup’s appeal of a judge’s ruling stopping it from making interest payments to Argentina bondholders, DealBook reports.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.
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