Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterRehab giant in deal with creditors
Thursday, June 24, 2004 | 11:12 a.m.
BIRMINGHAM, Ala. -- HealthSouth Corp. said today it will pay creditors about $80 million in exchange for them forfeiting the right to seek accelerated bond payments, a move that could have prompted bankruptcy.
The scandal-scarred rehabilitation giant said it had ended talks on some $2.6 billion in bond debt with agreements from more than 99 percent of bondholders to accept the cash premiums.
The company previously said it could be forced into bankruptcy if it was forced to repay the full debt before it regained its financial footing.
archive
- Most Read
- Discussed
- Most E-mailed
- Live Blog: Pacquiao wins by TKO in round twelve
- Floyd Mayweather Jr. and Manny Pacquiao: The only fight fans want to see
- Bruised and battered, Cotto says he will fight again
- Boulder City struggles with shocking allegations
- Ensign Federal Credit Union fails
- Construction goes bust, equipment goes on auction block
- Temperatures plunge in Las Vegas
- Live game blog: Rebels open season with 91-52 victory against Pittsburg State
- At halfway point, NFL is all about the quick change
- Reid under microscope as lawmakers debate abortion
Blogs
Elsewhere
Deutsche Bank drowning in Vegas on Cosmopolitan (4 Comments)
Sands to open Macau resort by 2011, rooms to triple
The Greene Room
MWC Winners and Losers: Week 11 (1 Comment)
Elsewhere
Dana White continues to push for event in Abu Dhabi
Politics: Ralston's Flash
Harry Reid is powerful for Northern Nevada, too! (2 Comments)
The Kats Report
New face of Monte Carlo includes all the faces of Caliendo
The Greene Room
Predicting this weekend's Mountain West football slate (2 Comments)
Calendar »
- 16 Mon
- 17 Tue
- 18 Wed
- 19 Thu
- 20 Fri
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
The Automatic Tour at The Square Apple
The Square Apple
-
Football specials at Diablo's
Diablos Cantina
-
Rhumbar presents Pink Sugar Mondays
The Mirage Hotel and Casino
The Sun
Locally owned and independent for more than 50 years.
