DALLAS -- Houston Controller George Greanias has agreed to sign off on a restructuring of $450 million of general obligation debt.

"All of our concerns have been addressed. We are happy with the numbers," Maryann Young, a spokeswoman for Mr. Greanias, said yesterday. "If we get back what we sent to the [bond] lawyers, there shouldn't be any problem."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.