TribLIVE

| Business


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

West Penn Allegheny bondholders to hear details of deal

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.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. Trueman sparks North Allegheny’s 14-0 victory over Seneca Valley
  2. High school roundup: Greensburg Salem shocks Gateway in opener
  3. Fumbling foreign policy
  4. Thomas Jefferson runs past Ringgold
  5. Jeannette rips Riverview in Class A debut
  6. Murray runs wild in Steel Valley victory
  7. Franklin Regional security guard fighting to get job back
  8. Corbett team rails at pollster
  9. Penn Hills takes advantage of turnovers, routs Upper St. Clair
  10. Harrison shines again as Pirates clip Reds, 2-1
  11. Steelers claim former Cowboys cornerback Webb
Subscribe today! Click here for our subscription offers.