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Debt Restructuring News

Debt Restructuring


The Puerto Rico Electric Power Authority (PREPA) was the first, and so far the only, government agency in Puerto Rico to negotiate a debt...
On May 3, 2017, in an unprecedented move, the Fiscal Oversight Board requested for bankruptcy-like protection under Title III of the PROMESA Act. The...
After the May 1st deadline, Puerto Rico is facing a historical moment. A lot has been said about the events that were going to unfold after the end...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
Everything will depend on the decisions taken by the bondholders, the Board and the government on the restructuring agreement
Puerto Rico bondholders rejected Governor Ricardo Rossello's debt-restructuring proposal days before a May 1 deadline to craft a deal or face a...
The institution pledges tuition income to pay for its obligations
(Adds background on PREPA debt talks) By Nick BrownNEW YORK, March 29 (Reuters) - Creditors of Puerto Rico's struggling power authority, ...
Puerto Rico bonds are trading near record lows, but that doesn't mean they're not worth even less. The island triggered the start of the...
A group of eight people wrote to Judge Swain to request their bonds payment and offer solutions to the fiscal crisis
By Nick BrownMay 17 (Reuters) - Puerto Rico on Wednesday will face investors for the first time in a bankruptcy court, as it kicks off the biggest...
The Swiss firm, which has faced more than 75% of the claims related to Puerto Rico municipal bonds, has paid at least $205.6 million in settlements...
Puerto Rico seeks title III bankruptcy protection for COFINA debt ... that was part of the Puerto Rico rescue law passed last year known as PROMESA.