Thomas Nocera

Nov 22, 2023 | bondbuyer.com | Thomas Nocera

A bankruptcy court recently ruled for the most part in favor of Chester, Pennsylvania, bondholders in an adversary proceeding filed by the city challenging liens on revenues for bonds issued in 2017 as part of a financial recovery plan for the city. Chester, which filed for bankruptcy in November 2022, has faced decades of financial struggles and adopted an initial recovery plan in 1996, which was then amended in 2006, 2013, and 2016 due to difficult economic circumstances.

Nov 21, 2023 | today.westlaw.com | Thomas Nocera

A bankruptcy court recently ruled for the most part in favor of Chester, Pennsylvania, bondholders in an adversary proceeding filed by the city challenging liens on revenues for bonds issued in 2017 as part of a financial recovery plan for the city....

Nov 20, 2023 | bondbuyer.com | Thomas Nocera

SK Battery America, a subsidiary of South Korean firm SK On, one of the world's largest battery makers, is scaling back production on several fronts in response to a changing market for the vehicles.

Nov 20, 2023 | bondbuyer.com | Thomas Nocera

The Port Authority of New York and New Jersey released a proposed budget for 2024 upping capital spending to pre-pandemic levels for the first time. At $9.3 billion total, the plan is one billion dollars larger than 2023's and provides for $3.9 billion in operating expenses, $3.6 million in capital spending, and $1.8 billion for debt service and deferred expenses.

Nov 19, 2023 | today.westlaw.com | Thomas Nocera

SK Battery America, a subsidiary of South Korean firm SK On, one of the world's largest battery makers, is scaling back production on several fronts in response to a changing market for the vehicles. As an EV market turbocharged by federal incentives...