Puerto Rico Electric Power Authority (PREPA) Announces Extension of Forbearance Agreements

Nov 03, 2015, 19:46 ET from Puerto Rico Electric Power Authority (PREPA)

SAN JUAN, Puerto Rico, Nov. 3, 2015 /PRNewswire/ -- The Puerto Rico Electric Power Authority (PREPA), Puerto Rico's publicly owned electricity provider, announced today that PREPA, the ad hoc group of bondholders and fuel line lenders have extended their forbearance agreements to November 5, 2015.  PREPA will use the extension to finalize its agreements with the forbearing creditors and continue discussions with its monoline bond insurers.

SOURCE Puerto Rico Electric Power Authority (PREPA)