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prima:Oversight Board reaches new agreement with certain PREPA bondholders

Judge Laura Taylor Swain granted until August 18 to submit the Third Amended Plan of Adjustment for the public corporation

August 12, 2023 - 11:21 PM

Archival note
This content was published more than 1 year ago.
Last year, the PREPA Ad Hoc-Group of Bondholders dissolved, and the investment funds that constituted it became two groups or assumed separate representation. (Ramón "Tonito" Zayas)

U.S. District Judge Laura Taylor Swain yesterday granted an urgent motion of the Fiscal Oversight Board requesting an extension to file the Third Amended Plan of Adjustment for the Puerto Rico Electric Power Authority (PREPA-POA) after the entity reached an initial agreement with certain bondholders.

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