On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Simone Baribeau about recent developments with the Puerto Rico Electric Power Authority bankruptcy proceedings.

Simone begins the podcast by providing a historical overview of PREPA’s restructuring. That leads into a discussion about the upcoming confirmation hearing in March 2024.

Simone discusses the various actions that certain creditors have taken to upend or change the legal trajectory of the bankruptcy proceedings including the rationale behind these moves and why it’s happening now.

Simone provides some perspective on the likelihood of success by those creditors with their legal maneuvers.

Simone concludes the podcast by discussing litigation around whether the commonwealth’s oversight board has “bought votes” and whether this poses a substantive risk to confirming the plan of adjustment.