Puerto Rico News
From Reorg Research -
Puerto Rico got some good news this week as PREPA reached a restructuring deal with its forbearing bondholders - though MBIA has not yet signed on to the deal. The commonwealth's House minority leader, meanwhile, has filed a lawsuit against the government seeking documents relating to PREPA's new fuel contracts. The offshore drilling sector drove the energy news, with Vantage Drilling announcing on Tuesday that Brazilian oil giant Petrobras was canceling its contract for the drillship Titanium Explorer while bondholders have organized hiring advisors from Blackstone and Milbank Tweed.