Alabama's Jefferson County officials said that the county and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, Reuters reported yesterday. The new terms were not made public but county officials had said they needed $350 million more in concessions because interest rates had risen since June, when JPMorgan, hedge funds and other creditors reached a tentative settlement to end the $4.2 billion bankruptcy. County commissioners will consider the revised plan today, when details will be released, county officials said in a statement.
