Restructuring Announcement – April 16, 2019

BroadSpan Advises Bondholders in Puerto Rico COFINA Restructuring

BroadSpan Capital LLC acted as financial advisor to an institutional bondholder group with respect to the restructuring of the debt of the Puerto Rico Sales Tax Financing Corporation (“COFINA"). The Bondholder Group controlled approximately $1.9 billion of the outstanding COFINA Senior and Junior bonds prior to the restructuring.

Link to a PDF here.