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prima:PREPA’s objecting bondholders celebrate with Boston Appellate Court decision

The court ruling would also advance the interests of the public corporation’s Utier and retirees, but could involve changes to the public corporation’s Plan of Adjustment and the legacy charge that subscribers would pay

June 14, 2024 - 5:30 PM

Archival note
This content was published more than 1 year ago.
In the photo, a view of Luna Street in Old San Juan in darkness after a power outage left over 340,000 customers in the capital city and other surrounding municipalities without electric service on June 12, 2024. (dennis.rivera@gmail.com)

The bondholders of the Puerto Rico Electric Power Authority (PREPA) celebrated the decision of the First Circuit Court of Appeals, which determined that their claim in the bankruptcy process of the public corporation under Title III of Promesa amounts to $8.5 billion.

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