Wed 09/27/2023 22:22 PM
Rule 2019 Statement
Dechert has filed a rule 2019 statement as counsel for the newly-formed PREPA ad hoc group
, disclosing total holdings of approximately $2.1 billion of uninsured PREPA bond holdings as of Sept. 22.
The statement adds that each member of the group “holds or manages funds and/or accounts that hold approximately $2.1 billion in aggregate principal amount” of uninsured bonds.
MacKay Shields is the largest holder in the group with $584.7 million...
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