Phone: 805-886-8140

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December 28, 2015
28
Dec

Puerto Rico Begins Restructuring with PREPA – Bond Insurers’ Likely Avoid Losses

December 28, 2015,
On December 24th, Puerto Rico, creditors, and the bond insurers’ came to an agreement to restructure the debt of the island’s electric utility PREPA.  PREPA has about $8.2 billion in debt in total, a significant chunk of the island’s roughly $70 billion in debt.  Basically the creditors are taking a 15% hit on their bonds,...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784

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