COFINA Senior Bondholders Coalition Discloses Participation in Constructive Settlement Discussions to Help Resolve … – Business Wire (press release)

NEW YORK & SAN JUAN, Puerto Rico–(BUSINESS WIRE)–The COFINA Senior Bondholders Coalition (the Coalition or we), which
collectively represents the largest group of organized holders of bonds
issued by the Puerto Rico Sales Tax Financing Corporation (COFINA),
released the below statement today regarding its involvement in
developing a proposed settlement of The Commonwealth of Puerto
Rico v. COFINA dispute (the dispute), litigation that commenced
last year as part of the Title III proceedings pursuant to the Puerto
Rico Oversight, Management and Economic Stability Act (PROMESA):

After an extended period of uncertainty and litigation, it is
encouragin…