Wed 09/27/2023 22:22 PM
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Relevant Document:
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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