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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...
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...
Background Puerto Rico's central government and several agencies are currently undergoing court- supervised restructuring, also known as Title III...
On May 1, 2017 a stay over debt service payments established by the PROMESA Act, which essentially stops creditors’ lawsuits for debt defaults...
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...
A bankruptcy judge's ruling concerning the Puerto Rico Highways and Transportation Authority has ramifications for bonds far beyond those of the...
Puerto Rico mediation devolves into war of words, deal still elusive ... Puerto Rico has until May 1 to reach a debt-reduction deal under a financial...
The situation regarding Puerto Rico's bonds is far from over, and will likely to take years before the matter is fully resolved. However, there...
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...
Puerto Rico Governor Ricardo Rossello said the government needs as long as five years to close a more than $7 billion budget shortfall, saying the ...
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.
Municipal debt analyst says that if the pact of the corporation fails, the public entity will not be able to access capital
By Philip ScipioNEW YORK, May 19 (IFR) - Puerto Rico creditors that are owed roughly US$74bn took their brawl into federal court last week as the ...
A federal control board overseeing Puerto Rico's finances amid a dire economic crisis announced Thursday that it appointed Ukraine's former...