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Puerto Rico Utility PREPA, Creditors Working on New Debt Deal

Submitted by jhartgen@abi.org on

Creditors of Puerto Rico's struggling power authority, PREPA, have presented the island's government with a counter-offer to restructure the utility's $8.9 billion in debt, Reuters reported yesterday. The U.S. territory's government was planning to review the plan ahead of a Friday deadline to finalize a restructuring deal at the utility. 

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