PREPA restructuring gains support of about half of bondholders
Assured Guaranty indicated it is interested in reaching a deal on PREPA bonds rather than continuing its quest for a PREPA receiver.
Puerto Rico
REIT taps CMBS to borrow against U.S. malls it’s selling off
Retail Value Inc, which was spun off from SITE Centers last year obtained a $900 million mortgage from three banks on the 25 assets in 14 states and Puerto Rico
This CMBS helps finance DDR’s spinoff of Puerto Rico malls
The real estate investment trust obtained a $1.35B mortgage from four banks on a portfolio of 38 properties in the U.S. and pledge of cash and insurance on another 12 in Puerto Rico.
