TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

West Penn Allegheny bondholders to hear details of deal

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

Tuesday, Jan. 15, 2013, 5:56 p.m.
 

The trustee for investors who own about $726 million in West Penn Allegheny Health System bonds will hold a conference call on Thursday morning to discuss a tentative deal to keep the health system out of bankruptcy court.

Trustee UMB Bank, of Kansas City, Mo., on Tuesday said the private call would also cover “disclosure of information expected to be made by the (West Penn Allegheny) tomorrow.”

Health insurer Highmark Inc. and West Penn Allegheny have been negotiating with bondholders on a deal to reduce the bond debt.

West Penn Allegheny spokeswoman Kelly Sorice said there was no announcement planned for Wednesday.

Highmark spokesman Aaron Billger could not be reached for comment.

Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or anixon@tribweb.com.

Add Alex Nixon to your Google+ circles.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. NFL coaches weigh in on Polamalu’s legacy
  2. Vehicle break-ins reported at Downtown garage
  3. Return of 5 starters boosts prospects of Frazier baseball team
  4. Montgomery’s 3s help team to Cager Classic win
  5. Penguins notebook: Five defensemen dress against San Jose
  6. Shortfalls sabotage promise of union retirees’ pensions
  7. Starkey: Next frontier for Steelers offense
  8. ATV rider injured in Stewaert Twp. mishap
  9. Players, casinos pan IRS idea to track more slot payouts
  10. Arrests made in South Side fracas
  11. Hit ‘delete’ on net neutrality