PROMESA

While the university remains current on bond payments, it is not financially stable, sources say.

Judge is considering hearings in March, as requested by the bondholders.

Syncora Guarantee and GoldenTree Asset Management filed notice of appeal again seeking a receiver in the bankruptcy.

In direct costs to the budget, the proposal would cost Puerto Rico revenues $153.2 million of individual taxes and $283.6 million of corporate taxes per year, according to the governor. The Oversight Board disagrees.

The investment firms that did not agree to the Oversight Board-led settlement would see only 3.5% of original par under the plan.

The Puerto Rico General Fund has paid out $1.5 billion on the bankruptcies after initial expectations were $370 million over nearly a decade.

José Pérez Riera will fill the post that has been vacant for over three years.

Peterson objected to the board's treatment of PREPA bondholders.

GoldenTree Asset Management noted the judge in Sept. 29, 2022, had demanded "meaningful deadlines" in the bankruptcy.

Bondholders retain the right to argue on appeal that they perfected their liens on revenues and funds.