Fiscal Board asks Swain not to reopen PREPA’S bankruptcy fileThe agency rejected that the public corporation or its subscribers can pay more than the offer already on the negotiating table
The Fiscal Oversight Board (FOMB) instructed Judge Laura Taylor Swain not to grant the request of certain bondholders of the Puerto Rico Electric Power Authority (PREPA) to reopen the file of the Plan of Adjustment (POA-PREPA) of the public corporation because the new data available about the generation of energy in Puerto Rico does not provide any evidence that would allow paying more than the offer already on the table.
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