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. Steelers’ Pouncey to file countersuit against nightclub accusers
  2. Rossi: Roethlisberger staging big comeback
  3. Fans head to Jason Aldean concert in droves
  4. Penn State names Barbour new AD
  5. 3 rockets hit Israel as Hamas rejects Gaza truce
  6. Steelers notebook: Mitchell to miss beginning of training camp
  7. News Alert
  8. After year off, Steelers’ Pouncey ‘ready to go’
  9. Megan’s Law offender in Greensburg arrested when girl, 13, found hiding in shower
  10. Pennsylvania Liquor Control Board suspends in-store tastings
  11. Steelers won’t negotiate Roethlisberger extension until after season
Subscribe today! Click here for our subscription offers.