The Electric Power Authority said Wednesday that the payment came from its operational funds and was due on Jan. 1.
The company has been trying to restructure its $9 billion debt load for more than two years. It recently extended the deadline of a restructuring deal to March, with all revisions to be agreed upon by Jan. 31. The agency faces several lawsuits as a result of the proposed restructuring.
The power company is pursuing a separate deal with its creditors as the U.S. territory seeks to restructure nearly $70 billion in public debt held by other agencies amid ongoing multimillion-dollar defaults.