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GoldenTree Asset Management, Syncora Guarantee, Assured Guaranty and certain members of an ad hoc group of the power utility's bondholders entered a cooperation agreement where they pledge to work together against the agency's potential debt-cutting plan, according to a court document.
October 25 -
The deal is expected to be executed Dec. 14, putting four government-run tollways under Albertis Infraestructuras SA, which already runs Puerto Rico toll roads.
October 18 -
They say the plan is unconfirmable in its current form and must be changed before any disclosure statement is approved.
October 17 -
The board says the First Circuit should stop GoldenTree and Syncora's efforts to appoint a receiver.
October 11 -
Puerto Rico's Treasury secretary says first quarter results are a good sign for fiscal stability.
October 10 -
The question is raised whether "invitations" to support the plan were the same as "solicitations."
October 4 -
Group's attorney is said to have experience arguing before the U.S. Supreme Court.
October 2 -
The group asked the First Circuit Court of Appeals to lift a stay that prevents appointment of a receiver.
September 14 -
While the university remains current on bond payments, it is not financially stable, sources say.
September 6 -
Judge is considering hearings in March, as requested by the bondholders.
August 30