All posts tagged "RSA"
Puerto Rico gov’t announces signing of Prepa’s RSA
New RSA provides for consensual restructuring process under Promesa
- Posted April 28, 2017
[Editorial] Let’s Make a Deal
When Gov. Ricardo Rosselló’s communications brigades announced that “a deal in principle” had been struck between the Puerto Rico Electric Power Authority (Prepa) and the creditor groups, this newspaper was quick to denounce that several loose ends...
- Posted April 12, 2017
La Fortaleza: Prepa restructuring agreement can’t stop governor from removing board members
SAN JUAN – La Fortaleza’s Public Affairs secretary, Ramón Rosario, said the Puerto Rico Electric Power Authority’s (Prepa) restructuring agreement will not stop the governor from removing any of its current governing-board members. “No agreement can force...
- Posted February 14, 2017
Government: FAFAA Adviser Rothschild to Lead Prepa Negotiations
SAN JUAN – The government announced Friday that the Fiscal Agency and Financial Advisory Authority (FAFAA) and its financial adviser, Rothschild, will lead negotiations with Puerto Rico Electric Power Authority (Prepa) bondholders. The statement, issued by FAFAA, did...
- Posted January 27, 2017
Prepa restructuring support agreement extended until March
SAN JUAN – Luis R. Benítez, president of the Puerto Rico Electric Power Authority’s (Prepa) governing board, announced Thursday evening the extension of the utility’s restructuring support agreement (RSA) with its principal creditors until March 31. In...
- Posted December 15, 2016
Prepa Explores Binding All Creditors to Restructuring Deal Through Promesa
Donahue confident she can capture bondholders who are not part of RSA
- Posted October 4, 2016
Puerto Rico Electric Utility Avoids Default
Restructuring support agreement with creditors also extended to Dec. 15
- Posted June 30, 2016
Prepa Talks On Shaky Ground, Relending Terms Show
SAN JUAN – After agreeing on a $111 million relending bond, Puerto Rico Electric Power Authority bondholders are breaking it into two installments, of $55 million and $56 million, a signal that negotiations with bondholders are on...
- Posted May 20, 2016
Prepa Extends Forbearance Agreement with Local Fuel Lenders
SAN JUAN – In an interview Sunday with Caribbean Business, the Puerto Rico Electric Power Authority’s (Prepa) chief restructuring officer, Lisa Donahue, said the utility’s local fuel-line lending banks, Scotia group and the Government Development Bank (GDB),...
- Posted January 24, 2016
Prepa Restructuring Support Agreement Terminated
SAN JUAN – As the deadline for the passing of the Puerto Rico Electric Power Authority’s (Prepa) revitalization bill was blown Friday, the Restructuring Support Agreement (RSA) between 70 percent of the authority’s bondholders and the power...
- Posted January 23, 2016