April 6, 2017 / 4:06 PM / 4 months ago

Puerto Rico's PREPA, bondholders have new restructuring deal -source

April 6 (Reuters) - Puerto Rico's debt-laden power utility, PREPA, and its bondholders have reached a new deal to restructure $8.9 billion in debt, according to a source familiar with the talks.

The deal could save an extra $1.5 billion over five years in debt servicing costs, as compared to a prior pending deal between the parties, said the person, who declined to be named because the deal is not yet public. (Reporting by Nick Brown; Editing by Alden Bentley)

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