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Puerto Rico Power Co. Bondholders Offer $1B DIP Loan

By Alex Wolf (September 27, 2017, 9:40 PM EDT) -- A group of bondholders with interests in Puerto Rico's insolvent and beleaguered electric power company are offering to lend the utility $1 billion in new cash to help address damage wrought by Hurricane Maria, potentially positioning themselves for an earlier payout in the public corporation's restructuring....

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