Puerto Rico Said Struggling to Reach Deal With Hedge Funds
- Development bank and creditor group said to be deadlocked
- Confidential talk details said possibly for release Wednesday
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Puerto Rico officials and a group of hedge funds are deadlocked on an agreement to restructure the island’s debt and inject new capital into its development bank, hours before a confidentiality pact expires, according to two people with knowledge of the matter.
After the non-disclosure agreement ends Wednesday morning, the two sides would exit talks, said the people, who asked not to be named because the information isn’t public.