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Debt Restructuring News

Debt Restructuring


FAFAA believes they could reach a better agreement, and that they will negotiate with the other bondholders, with or without mediation
Instead, the governor of Puerto Rico, Ricardo Rosselló, petitioned for relief under Title III of a new federal law for insolvent territorial...
The battle over Puerto Rico's bankruptcy filing, the largest ever by a local U.S. government, is expected to be long and bitter, as bondholders...
Everything will depend on the decisions taken by the bondholders, the Board and the government on the restructuring agreement
Two republican senators are making calls for account and stress that they believe that the fiscal plan of the government of Puerto Rico contravenes...
Puerto Rico has opted to have its municipal bond debt restructured. We looked at the Wall Street Journal article and saw four firms are major holders...
The hedge-fund fight over Puerto Rico bonds is heating up as two groups of investors accuse each other of wrongdoing.
This week the Commonwealth of Puerto Rico initiated the equivalent of bankruptcy proceedings, seeking protection from creditors owed $74 billion, ...
MAYAGUEZ, Puerto Rico — The economic crisis afflicting Puerto Rico for the last decade has also taken a toll on the island's only zoo, with...
The Bank of New York Mellon Corporation (NYSE:BK) said that, a Puerto Rico creditor is taking legal action against bond trustee Bank of New York ...
As Puerto Rico's bankruptcy court met for the first time Tuesday, with Federal District Court judge Laura Taylor Swain presiding, it became...
Puerto Rico's new government tapped law firm Dentons to help it develop a fiscal turnaround plan and lead restructuring negotiations with...
Puerto Rico's situation is not dissimilar to Detroit's, which was the culmination of years of economic stagnation and bad policy. His move...
The Board, for its part, presents a stipulation to resolve the GO-Cofina controversy
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE:OFG) today announced its Board of Directors declared a regular quarterly cash ...