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Puerto Rico Power Utility Debt Restructuring Collapses Amid Bondholder Disputes

1 min read
Source: Bloomberg
Puerto Rico Power Utility Debt Restructuring Collapses Amid Bondholder Disputes
Photo: Bloomberg
TL;DR

BlackRock and Nuveen are threatening to withdraw support from Puerto Rico's power utility debt deal after the Trump administration dismissed the island's financial oversight board, risking the collapse of a nearly decade-long bankruptcy restructuring process that aims to reduce $9 billion in debt.

Topics:worldbusiness#bankruptcy#blackrock#business#debt-restructuring#nuveen#puerto-rico
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  1. BlackRock, Nuveen Set to Exit Puerto Rico Utility’s Debt Deal  Bloomberg
  2. Deal to restructure Puerto Rico power company debt crumbles as some bondholders walk away  Yahoo Finance
  3. PREPA bondholders deal supporters set deadline  Bond Buyer
  4. Puerto Rico's Power Company Debt Crisis: A Cautionary Tale for Emerging Market Bondholders  AInvest
  5. Puerto Rico Utility Bondholders Say They'll End Reorg Deal  Law360

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