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prima:Bondholders insist on a mediator for PREPA

After the government canceled the proposed restructuring agreement for the power utility, bondholders ask Swain for a definite date to end bankruptcy

March 9, 2022 - 11:42 AM

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This content was published more than 3 years ago.
Governor Pedro Pierluisi, with the endorsement of the Fiscal Oversight Board, canceled the deal signed almost three years ago and which was intended to restructure nearly $9 billion in bonds of PREPA under PROMESA.

The Ad Hoc Group of the Puerto Rico Electric Power Authority (PREPA) bondholders asked yesterday Judge Laura Taylor Swain to appoint a mediator as soon as possible and approve the deadlines they suggested ending the bankruptcy process in that public utility.

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