Puerto Rico Electric Extends AlixPartners Pact for $6.7 Million

  • Agency to spend a total of $43.5 million on AlixPartners
  • Power utility is seeking to restructure $9 billion of debt

Puerto Rico’s main electricity provider plans to pay restructuring adviser AlixPartners LLP an additional $6.7 million in the next four months to assist the utility as it seeks to reduce $9 billion of debt.

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