Las Vegas Monorail Files Ch. 11 Plan
The documents, filed Tuesday in the U.S. Bankruptcy Court for the District of Nevada, set a course for restructuring LVMC’s first-tier bond obligations while leaving second- and third-tier bondholders out in the cold.
Under the plan, $445 million in first-tier debt would be shaved down to just $18.5 million. Over $200 million in bonds...
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