A federal control board overseeing Puerto Rico's finances has made a significant move to restructure debt. The board has offered a settlement to bondholders of the US territory's power company.
The proposed settlement is valued at $3 billion. It aims to address the power company's debt, which exceeds $10 billion.
Further details about the settlement, including the terms and what it entails, are available from the source, KPRC 2 Houston, for those seeking more information about this development.
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