Jefferson County, Alabama, Creditors Make New Offer, Receiver Young Says

Jefferson County received a restructuring proposal from creditors holding about $3 billion of its debt, according to a court-appointed receiver.

The offer was received last night, said John Young, who is facilitating the creditors’ response. No details were provided.

To contact the reporter on this story: Margaret Newkirk in Atlanta at mnewkirk@bloomberg.net

To contact the editor responsible for this story: Stacie Servetah at sbabula@bloomberg.net

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