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Debt Restructuring News

Debt Restructuring


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...
Things took a turn for the worst last weekend, when bondholders rejected a restructuring agreement for much of Puerto Rico's $70 billion debt ...
A U.S. lawmaker Tuesday urged Puerto Rico Governor Ricardo Rossello to honor a $9 billion debt restructuring agreement tied to the island's...
MBIA Inc. subsidiary National Public Finance Guarantee Corp., Assured Guaranty Corp., Syncora Guarantee Inc. and a group of Puerto Rico Electric ...
Judge Swain orders to hold Cofina’s creditors money in reserve
In the largest bankruptcy of a U.S. state or territory, Puerto Rico Gov. Ricardo Rossello requested court protection for his U.S. commonwealth to...
In a move that could dwarf the massive municipal bankruptcy of Detroit in 2013, the government of Puerto Rico indicated Wednesday that it would ...
The Government has settled on a mediator to “privately” negotiate with bondholders
Activists protested what they called Aurelius Capital Management's support for austerity in Puerto Rico at the hedge fund's New York City...
According to the Fiscal Plan, the Government will not pay the TRANS, and this alternative will not be available starting next fiscal year
The U.S. Trustee assigned to the Commonwealth of Puerto Rico case appointed an official committee of unsecured creditors. The following members ...
Claude LeBlanc, CEO, said, "While our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico, we...
Puerto Rico has asked for a form of bankruptcy protection to help it grapple with more than $70 billion in public-sector debt. The unprecedented ...
Puerto Rico COFINA bondholder sues trustee Bank of New York ... payouts on COFINA debt after technical defaults by the Puerto Rican government, ...
Puerto Rico Governor-Elect Ricardo Rosselló is seeking $900 million to get Puerto Rico through the current fiscal year.