All posts tagged "RSA"

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  Puerto Rico gov’t announces signing of Prepa’s RSA

  New RSA provides for consensual restructuring process under Promesa

  • Posted April 28, 2017
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  [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
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  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
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  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
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  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
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  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
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  Puerto Rico Electric Utility Avoids Default

  Restructuring support agreement with creditors also extended to Dec. 15

  • Posted June 30, 2016
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  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
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  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
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  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
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