Thursday, 28 September 2017

PREPA bondholders try to use DIP financing to squeeze out minorities

PREPA bondholders trying to swipe the assets via a DIP loan and FEMA funding and squeeze out minority bondholders at no doubt knocked down pricing and with cheap FEMA funds to support the recovery.

https://theintercept.com/2017/09/27/puerto-rican-debt-holders-respond-to-catastrophic-hurricane-by-offering-puerto-rico-more-debt/

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