NEW YORK--(BUSINESS WIRE)--The Puerto Rico Electric Power Authority (PREPA) Bondholder Group today announced that they have agreed to extend their forbearance agreement until September 15, 2015 and amend their trust agreement to allow PREPA to avoid a payment default on July 1, 2015. During the forbearance period the bondholders will continue to collaborate with PREPA towards a comprehensive plan that will sustainably improve PREPA. “We remain focused on working with PREPA and its professionals
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