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U.S. bankruptcy judge OKs $120 mln loan for Detroit-reports
April 2, 2014 / 2:10 PM / in 4 years

U.S. bankruptcy judge OKs $120 mln loan for Detroit-reports

April 2 (Reuters) - A U.S. bankruptcy judge on Wednesday approved Detroit’s plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city, according to newspaper reports.

The loan deal received previous approval from the Detroit City Council and Michigan’s Local Emergency Financial Assistance Loan Board. (Reporting by Karen Pierog; Editing by James Dalgleish)

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