Silver Point Capital plans to fight a U.S. Securities and Exchange Commission lawsuit claiming the hedge fund firm failed to enact policies to bar a consultant from sharing confidential information about bonds issued by Puerto Rico, Bloomberg News reported.
There remains no clear path on how to best reduce the debt of Puerto Rico’s power utility, a mediation team warned U.S. District Judge Laura Taylor Swain, who is overseeing the seven-year bankruptcy, Bloomberg News reported.
The judge overseeing the bankruptcy of Puerto Rico’s electric utility extended a halt on litigation related to the case as the power provider negotiates with bondholders on how to reduce its debts, Bloomberg News reported. U.S. District Court Judge Laura Taylor Swain continued the stay through Jan.
The U.S. Energy Department said on Tuesday that it closed an $861 million loan guarantee to finance the construction of two solar photovoltaic farms and two battery storage systems in Puerto Rico, Reuters reported. The power grid of Puerto Rico, a U.S.
The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.
