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The Piney Point

Federal board offers $3B settlement to restructure Puerto Rico power company debt

Federal board offers $3B settlement to restructure Puerto Rico power company debt
Photo: KPRC 2 / Click2Houston (NBC) · view original

A federal control board that oversees Puerto Rico’s finances announced Tuesday that it has offered a $3 billion settlement to bondholders in a new push to finally restructure more than $10 billion in debt held by the U.S. territory’s power company.The board is proposing paying cash and offering t...

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