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Detroit Pension Debt Holders End Last Objection to Plan
Bloomberg Businessweek Link to more items from this source
Oct. 27, 2014
"Detroit's pension debt holders dropped the last major objection to the city's $7 billion debt-cutting plan, as the biggest U.S. municipality to file bankruptcy began its last push to leave court oversight.... The pension debt investors hold about $1 billion in debt that was raised by the city to shore up its retirement system in 2006. It will be canceled under the plan, and the investors and bond insurers that guaranteed it will be given $141 million in new notes and land instead."

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