PREPA bondholders offer $1B to support recovery work
September 27, 2017
The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the public corporation to help address the urgent need to repair the power grid in the wake of Hurricane María, following Hurricane Irma.
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Prouty: PR needs $40B from U.S. gov’t to recover
September 26, 2017
Millionaire investor and developer Nicholas Prouty, who has called Puerto Rico his home for five years, said Monday the U.S. government must provide the island at least $40 billion in funding for relief and recovery efforts.
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Members of Congress push recovery plan for Puerto Rico
September 25, 2017
Rep. Nydia M. Velázquez (D-NY) led members of Congress in writing the U.S. Department of Homeland Security calling for tangible steps to accelerate Puerto Rico’s recovery from Hurricane María.
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