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prima:PREPA board approves new government loan to cover June pension payments

The $25 million transaction is still awaiting an official statement from the Financial Oversight Board

May 22, 2025 - 3:10 PM

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This content was published more than 1 month ago.
The PREPA began accumulating a debt in employer contributions to the Retirement System in 2013. (Xavier Araújo)

The Governing Board of the Puerto Rico Electric Power Authority (PREPA) unanimously approved on Wednesday the transaction - in the form of a loan - with the central government to inject $25 million into the Retirement System to cover June pensions, a mechanism that still awaits the approval of the Fiscal Oversight Board (FOMB).

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