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Puerto Rican Utility Says Ch. 9 Option Would Avert Litigation

By Jonathan Randles (January 12, 2016, 4:14 PM EST) -- Giving Puerto Rico's heavily indebted utility the ability to restructure its finances through the U.S. court system would expedite an existing deal with stakeholders to reduce its debt by more than $1 billion and avert potential litigation with holdout creditors, the utility's chief restructuring officer told a congressional panel Tuesday....

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