Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Puerto Rico’s COFINA debt restructuring plan approved

By Declan Bush

05 February 2019

A US court has approved a plan to restructure the Puerto Rico Sales Tax Financing Corporation’s US$17 billion debt load, in the second major restructuring deal to come out of the US territory’s specially-designed bankruptcy-like proceedings.

Puerto Rico’s COFINA debt restructuring plan approved Puerto Rico has reached a second major restructuring approval. (Credit: iStock.com/PeskyMonkey)