PROMESA

Puerto Rico Gov. Ricardo Rosselló signed a negotiated debt restructuring deal for the Government Development Bank Thursday, affecting $4.1 billion in bond debt.

Puerto Rico will get at least $112 million from the federal government for road projects starting this fall.

Title III bankruptcy judge Laura Taylor Swain approved hiring Phoenix Management Services LLC as financial advisor for the mediation process.

Puerto Rico’s July revenues were above budget partly because of unexpectedly high non-resident withholding inflow.

The Oversight Board has asked the bankruptcy judge to approve compensation for a team led by Martha Kopacz, who served in a similar role in Detroit's bankruptcy.

The restructuring deal for the Government Development Bank applies to $4.8 billion of debt.

The Puerto Rico Title III judge signaled she may reject a motion that would open the door to bondholders taking over the Puerto Rico Electric Power Authority.

The judge in the Puerto Rico Title III bankruptcy cases is scheduled to weigh motions by Puerto Rico Electric Power Authority and Puerto Rico Sales Tax Finance Corp. (COFINA) bondholders at a hearing Wednesday.

Puerto Rico’s June economic activity declined 0.5% compared to May and 2.1% compared to a year earlier.

The move, approved unanimously by the Board on Friday, sets up a conflict with the island's leaders.

The University of Puerto Rico will seek to reduce its debt-service costs through a consensual agreement with its creditors as the commonwealth plans to cut the school’s appropriations by $3.5 billion through 2026.

The Puerto Rico Oversight Board announced it was planning an investigation of the island’s public sector debt.

The Puerto Rico Oversight Board on Friday may institute mandatory government furloughs opposed by Gov. Ricardo Rosselló.

To make sure Puerto Rico’s government only spends on what it believes to be necessary, it has instituted a 5% spending freeze on its departments.

The Puerto Rico Oversight Board recommended shifting federal funding to an earned income tax credit from welfare programs on the island.

How far off could economic estimates be in Puerto Rico? The truth is that nobody knows.

San Juan’s government claims the GDB's restructuring gives bondholders a "windfall" using resources that belong to Puerto Rico's municipalities.

Noel Zamot will oversee expediting permitting for crucial projects to help strengthen the territory's economy.

The United States of America is the defendant in a suit filed by investors seeking payment of $3.1 billion in principal and interest in Puerto Rico Employment Retirement System bonds.

Puerto Rico Gov. Rosselló named his chief economic advisor Christian Sobrino Vega as his non-voting representative on the Oversight Board.