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US hired to represent Puerto Rico Electric Power Authority for financing and bond matters

US hired to represent Puerto Rico Electric Power Authority for financing and bond matters

September 28, 2018

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Global law firm Norton Rose Fulbright has signed a professional services contract with Puerto Rico Electric Power Authority (PREPA). Lawyers from the New York, Washington, DC, and San Francisco offices will resume its historic representation of the public utility and the PREPA Revitalization Corporation in connection with the proposed restructuring of PREPA’s outstanding debt.

Norton Rose Fulbright's legal representation includes matters relating to financing activities to be undertaken by PREPA or by the PREPA Revitalization Corp. in connection with such restructuring, including related Puerto Rico constitutional and statutory law, federal securities law and tax matters.

The PREPA Revitalization Corp. was created as a special-purpose, public corporation and governmental instrumentality of the Commonwealth of Puerto Rico to assist PREPA in its debt restructuring by, among other things, issuing debt secured by a capped transition charge to be imposed and collected (based on usage) from PREPA’s customers and certain other electricity users.

The team includes Lawrence Bauer, Matt Hughey, Patti Wu, Uyen Poh, Homer Schaaf (New York), Peter Canzano, James McGettrick (Washington, DC) and Eric Tashman (San Francisco).