FTLF Senior Counsel Phillip Escoriaza Quoted in Article on Ongoing PREPA Debt Adjustment Plan Negotiations
We are proud to share that FTLF Senior Counsel Phillip A. Escoriaza has been quoted in an article by The Bond Buyer, a national trade publication covering the municipal bond industry. The article, which was published on April 14, 2023, covers the latest development in the billion-dollar debt adjustment plan negotiations between the Puerto Rico Electric Power Authority (PREPA) and its creditors.
District Court Judge Laura Taylor Swain recently set a May 19 deadline for filings concerning bondholders’ claims against PREPA, contrary to the June 7 cutoff requested by bondholders. When asked about his thoughts on the ruling, Mr. Escoriaza noted that the expedited timeline for the parties to obtain and exchange information will assist the court in streamlining disputed issues come June when the court has scheduled a hearing to address the allowance or disallowance of certain claims against PREPA.
We are thrilled that Mr. Escoriaza was able to provide insightful commentary on this important development, and we appreciate The Bond Buyer for featuring his comments in their article. To read the full article, please click here.