Puerto Rico Utility Bondholders Seek Bigger Bankruptcy Payouts [Financial Post (Toronto, Ontario, Canada)]
Assured Guaranty Ltd. (AGO)
US:NYSE Investor Relations:
assuredguaranty.com/investor-information
Company Research
Source: Financial Post
company's revenue is likely to outstrip expectations due to higher electricity consumption. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bondholders of Puerto Rico's bankrupt power utility are pushing for the court to increase what they stand to recover as new projections show the company's revenue is likely to outstrip expectations due to higher electricity consumption. US District Court Judge Laura Taylor Swain is reviewing a restructuring plan that would cut by about 75% the obligations of Puerto Rico's Electric Power Authority, called Prepa. Assured Guaranty Corp., a group of ad hoc bondholders, GoldenTree Asset Management and other creditors want Swain to also consider updated energy consumption estimates that indicate an increase in demand compared to prior projections, according to an urgent motion filed to the court late Monday. Article content Article content The more energy that
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AGO
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AGO
Earnings
- 5/7/24 - Beat
AGO
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- AGO's page on the SEC website