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Debt Restructuring News

Debt Restructuring


SAN JUAN, Puerto Rico — Puerto Rico's governor turned to the courts Wednesday to protect the U.S. territory from a crushing $73 billion debt in...
The recent election of a new governor in Puerto Rico, and the formation of a powerful federal financial control board this summer, have resulted in...
Swain chairs the first "omnibus" hearing in the case of the Island
"Although a court proceeding will take considerable time and likely involve losses for all Puerto Rico bondholders, it will be an orderly...
The trading prices of Puerto Rico bonds largely account for the losses investors will take when the island restructures its $70 billion debt, said...
Wednesday's application by Puerto Rican Governor Ricardo Rossello for bankruptcy protection for the island under the provisions of the PROMESA...
The Puerto Rico Fiscal Oversight Board is on a tight deadline to draft a recovery plan that will put the island back on its financial feet, avoid...
In this July 7, 2017 photo, a monkey stares out from its enclosure at the Dr. Juan A. Rivero Zoo in Mayaguez, Puerto Rico. The economic crisis...
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...
Puerto Rico debt negotiations are going nowhere even though there are just six full days left before a court may take over the $52 billion bond and...
This week the Commonwealth of Puerto Rico initiated the equivalent of bankruptcy proceedings, seeking protection from creditors owed $74 billion, ...
The $146 million, which were deposited in a trust fund in February, will be part of the debt renegotiation
A bid by Puerto Rico's general obligation bondholders to join its official committee of unsecured creditors risks creating a dangerous "fox...
As Puerto Rico's bankruptcy court met for the first time Tuesday, with Federal District Court judge Laura Taylor Swain presiding, it became...
The Puerto Rico Oversight Board approved a plan to cut Puerto Rico Aqueduct and Sewer Authority debt service by 35% through 2026, while ...