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Puerto Rico Oversight Board defends PREPA disclosure statement

The board says the Ad Hoc Group of PREPA bondholders wrongly focused on "confirmation" issues in their attack on the board's proposed disclosure.

Puerto ricoPalo secoLaura taylor swainNational public financeAd hoc groupUs district courtPuerto rico electric power authorityPuerto rico oversight boardSyncora guaranteeJudge laura taylor swainNational public finance guaranteePublic finance

Latest plan exempts almost half of Puerto Ricans from PREPA bond fee

Low income residents of Puerto Rico won't be charged the proposed monthly fees the Oversight Board said.

Puerto ricoUnited statesPedro pierluisiJoseph kristJohn muddJoseph krist muniDavid skeelLaura taylor swainPuerto rico energy bureauUs energy information administrationUs district courtPuerto rico electric power authorityPuerto rico oversight boardMuni credit news publisher joseph kristMuni creditJudge laura taylor swain

Creditors object to proposed PREPA disclosure statement

Complaints include assertions the plan is unconfirmable and that it fails to offer necessary information.

Puerto ricoUnsecured creditors committeeNational public financeAd hoc groupUs district courtPuerto rico electric power authorityUs bankPuerto rico oversight boardOversight boardNational public finance guaranteePublic finance

Board threatens 0 21% payment for PREPA bondholders who don t settle

"This settlement offer allows you to settle for payment in the form of new bonds of approximately half your claims," the Puerto Rico Oversight Board said.

Puerto ricoThomas mayerMark ellenbergMartin bienenstockSusheel kirpalanisaidAmy catonPedro jimenezSusheel kirpalani syncoraLaura taylor swainUnsecured creditors committeeAd hoc groupPuerto rico electric power authorityPuerto rico oversight boardOversight boardSyncora guarantee attorney susheel kirpalaniPuerto rico highways

Puerto Rico s December revenues 28% ahead of projections

They also came in 14% higher than those of December 2021.

Puerto ricoPuerto rico department of the treasuryPuerto rico departmentPuerto rico oversight boardCommonwealth of puerto ricoPuerto rico public buildings authorityPuerto rico infrastructure financial authorityPuerto rico sales tax financing corp cofinaPublic finance

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