PROMESA
Oversight Board files PREPA plan of adjustment; BlackRock, Nuveen among those to settle
The investment firms that did not agree to the Oversight Board-led settlement would see only 3.5% of original par under the plan.
Read MorePuerto Rico Oversight Board costs exceed projections by four times
The board has spent $1.5 billion on outside consultants since its founding. It was expected to spend $370 million over nearly a decade.
Read MorePro-bondholder member of Puerto Rico Oversight Board resigns in protest
Peterson objected to the board’s treatment of PREPA bondholders.
Read MorePREPA settlements said to be near
Judge Swain approves another deadline extension for a proposed plan of adjustment.
Read MorePuerto Rico board, government approve consensus FY24 budget
The fiscal 2024 General Fund increases 2.5%
Read MorePREPA judge said she won’t endorse appeals to her decisions
U.S. District Judge Laura Taylor Swain ordered the Oversight Board propose a new plan of adjustment by July 14.
Read MoreBondholders want any PREPA plan held until after appeals
The bondholders charge bad faith in negotiations and want no plan employed until all appeals are exhausted.
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