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prima:Swain grants motion to consider mediator for PREPA

The judge granted a bondholders’ motion for the appointment of a mediator, while the municipal insurer National asked the Oversight Board to continue without the Legislature’s intervention

February 22, 2022 - 9:38 AM

Archival note
This content was published more than 2 years ago.
Swain accepted the bondholders’ request last Friday. (Xavier Araújo)

While the political delegations in the Senate fight over Joint Resolution 278, which would allocate funds to pay bondholders and other central government creditors, Judge Laura Taylor Swain granted a motion filed by an organized group of bondholders of the Puerto Rico Electric Power Authority (PREPA) to appoint a mediator and impose deadlines to end the public utility bankruptcy process this year.

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