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Debt Restructuring News

Debt Restructuring


"Make no mistake: The board has chosen to turn Puerto Rico into the next Argentina", says Andrew Rosenberg, a lawyer at Paul, Weiss,...
Puerto Rico is the terrifying Ghost of Illinois Future: a worst-case example of what happens when a government no longer can pay its bills. The...
Puerto Rico's creditors, including some hedge funds known as "vulture funds," are reluctant to settle debts in bankruptcy proceedings...
On June 11, the citizens of Puerto Rico passed a non-binding referendum calling for Puerto Rico to be the 51st state of the United States. The vote...
SAN JUAN — Puerto Rico's government and a group of general obligation bondholders are holding preliminary talks aimed at reaching a deal they .....
Municipal debt analyst says that if the pact of the corporation fails, the public entity will not be able to access capital
March 19 (Reuters) - Puerto Rico´s so-called COFINA bondholders allege that around $3.5 billion of the island´s general obligation (G.O.) debt is ...
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 seeks title III bankruptcy protection for COFINA debt ... that was part of the Puerto Rico rescue law passed last year known as PROMESA.
SAN JUAN, Puerto Rico – The Puerto Rico government is offering to pay its senior creditors around 50 cents on the dollar as part of efforts to...
There are individuals, insurance firms and universities in the group to which the government owes
A U.S. lawmaker Tuesday urged Puerto Rico Governor Ricardo Rossello to honor a $9 billion debt restructuring agreement tied to the island's...
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 ...
Wall Street investment banks issued hundreds of Puerto Rico municipal bonds to take advantage of the triple feature that made the Caribbean Island...
What happens when securities used as collateral for a loan tumble in value? Some investors in Puerto Rico's bonds can tell you. More than 100 .....