Puerto Rico Agency Reaches Tentative Pact With Fuel Lenders

Updated on
  • Agreement would lower interest rates to 5.75% from 7.25%
  • Debt repayment would be extended by at least six years

Puerto Rico’s main power utility reached a tentative agreement with lenders on fuel purchases that would reduce interest rates on $700 million of debt that has already matured and extend repayment for at least six years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.