Australian Mercantile Collections

Puerto Rico Board Seeks Hearing to Revise Utility’s Debt Plan

Puerto Rico Board Seeks Hearing to Revise Utility’s Debt Plan

(Bloomberg) — Puerto Rico’s financial oversight board is seeking to reopen a confirmation hearing on a debt-restructuring plan for the island’s power utility after an appeals court last week ruled that bondholders have a claim to the agency’s future net revenue.

The oversight board, which manages the…

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