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Stories with subject: Corporate restructuring and recapitalization
  • Puerto Rico power company reaches new deal with creditors 
    Updated: Jan-28-16 9:49 am

    SAN JUAN, Puerto Rico - Puerto Rico's power company said Thursday that it reached a new deal with bondholders as it seeks to restructure roughly $9 billion in debt.

  • Puerto Rico power debt relief deal falls apart 
    Updated: Jan-23-16 10:53 am

    SAN JUAN, Puerto Rico - A deal to restructure Puerto Rico's troubled power utility's $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the proposed bond swap, including putting a debt payment charge directly on customers' bills.

  • US Treasury Sec: Puerto Rico needs congressional action story has photos
    Updated: Jan-20-16 6:16 pm

    SAN JUAN, Puerto Rico - U.S. Treasury Secretary Jacob Lew stressed on Wednesday during a visit to Puerto Rico that congressional action is the only solution to pulling the U.S. territory out of its worsening economic crisis.

  • AP EXPLAINS: What Congress can do about Puerto Rico's debt story has photos
    Updated: Jan-18-16 1:56 pm

    WASHINGTON - Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics.