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Home / News / Boise-based Washington Group International defaults on $1 billion loan; Ch. 11 more likely (access required)

Boise-based Washington Group International defaults on $1 billion loan; Ch. 11 more likely (access required)

A second Chapter 11 bankruptcy in five years may be more likely for Boise-based Washington Group International Inc. in light of its default on a billion-dollar loan, analysts said last week.Merrill Lynch analyst Fritz Von Carp confirmed an April 30 Bloomberg News Service report that Washington Group failed to make a $1 million payment on ...

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