Fiscal board: Court should value bondholders’ collateral to help move PREPA out of bankruptcy.

The Financial Oversight and Management Board in 2023 By THE STAR STAFF The Financial Oversight and Management Board wants the judge overseeing the Puerto Rico Electric Power Authority (PREPA) Title III bankruptcy to immediately shift to valuing the bondholders’ collateral, because that determination is the critical missing piece needed to confirm a plan of adjustment and move the power utility out of bankruptcy.  PREPA has been in bankruptcy since 2017 to restructure some $9 billion in debt...

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