Puerto Rico Power Utility Debt Restructuring Collapses Amid Bondholder Disputes
TL;DR Summary
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.
- BlackRock, Nuveen Set to Exit Puerto Rico Utility’s Debt Deal Bloomberg
- Deal to restructure Puerto Rico power company debt crumbles as some bondholders walk away Yahoo Finance
- PREPA bondholders deal supporters set deadline Bond Buyer
- Puerto Rico's Power Company Debt Crisis: A Cautionary Tale for Emerging Market Bondholders AInvest
- Puerto Rico Utility Bondholders Say They'll End Reorg Deal Law360
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