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Puerto Rico won't make $370 million in debt payments Monday

Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory's spiraling public debt crisis. The development comes as Congress has so far been unable to pass a debt restructuring bill for Puerto Rico.

Source: The Associated Press

PREVIEW-Puerto Rico faces default as governor plans to address island

SAN JUAN/ NEW YORK, May 1- Puerto Rico's governor will make a televised speech on Sunday ahead of an expected default on $422 million of debt due on Monday, as the U.S. territory's economic crisis enters its most dire stretch yet. The Government Development Bank, Puerto Rico's primary fiscal agent, is expected to skip at least the principal portion of its payment to...

Source: Reuters

Pacific Announces Restructuring Update and Significant Support From Noteholders and Lenders and Extension of the Supporting Noteholder Consideration Deadline to May 6, 2016

TORONTO, April 29, 2016/ PRNewswire/- Pacific Exploration& Production Corp. is pleased to provide an update with respect to its comprehensive restructuring transaction with: certain holders of the Company's senior unsecured notes, certain of the Company's lenders under its credit facilities, and The Catalyst Capital Group Inc.. On April 27, 2016, the Company...

Source: PR Newswire

Protection 1 Announces Final Results of Tender Offers and Offer to Exchange

CHICAGO---- Prime Security Services Borrower, LLC, a portfolio company of certain funds affiliated with Apollo Global Management, LLC, announced today, on behalf of Prime Security One MS, Inc., a wholly owned subsidiary of Prime Security Services Borrower, LLC, final results with respect to the Offeror’ s previously announced tender offers to purchase any and all of...

Source: Business Wire

McGraw-Hill Global Education Announces Preliminary Results of Tender Offer for 9.75% First-Priority Senior Secured Notes due 2021 and Related Consent Solicitation

NEW YORK, April 29, 2016/ PRNewswire/-- On April 18, 2016, McGraw-Hill Global Education Holdings, LLC and McGraw-Hill Global Education Finance, Inc., two wholly owned subsidiaries of McGraw-Hill Global Education Intermediate Holdings, LLC, commenced a cash tender offer and a consent solicitation with respect to all of the Issuers' outstanding $800,000,000...

Source: PR Newswire

UPDATE 1-Puerto Rico gov't bank reaches debt deal with some credit unions

SAN JUAN, April 29- Puerto Rico's Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico's primary fiscal agent, said in a statement on Friday that it was still negotiating with other creditors in hopes of avoiding default on another $422 million due on Monday.

Source: Reuters

Puerto Rico gov't bank reaches debt deal with some credit unions

SAN JUAN, April 29- Puerto Rico's Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico's primary fiscal agent, said in a statement on Friday that it was still negotiating with other creditors in hopes of avoiding default on another $422 million due on Monday.

Source: Reuters

CVR Partners, LP Announces Commencement of Tender Offer, Consent Solicitation and Change of Control Purchase Offer

SUGAR LAND, Texas, April 29, 2016/ PRNewswire/-- CVR Partners, LP today announced that its subsidiary, East Dubuque Nitrogen Partners, L.P. has commenced a cash tender offer to purchase any and all of its outstanding 6.500% Second Lien Senior Secured Notes due 2021 issued by the Company and East Dubuque Finance Corporation. The Tender Offer will expire at 5:00 p.m.,...

Source: PR Newswire

Surety One, Inc. Eyes Expansion in to Canada

Surety One, Inc. of Puerto Rico seeks corporate authority and licensing to offer surety bonds in Canada.. SAN JUAN, Puerto Rico---- Citing successful referral business and an apparent increase in unmet demand for surety bond capacity, Surety One, Inc. is moving forward with plans to expand in to the Canadian market through organic business development and local...

Source: Business Wire

WPX Energy Announces Expiration and Final Results of Tender Offer for 2017 Senior Notes

TULSA, Okla.---- WPX Energy announced today that its previously announced cash tender offer to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 expired at 5 p.m., New York City time, on April 29, 2016. As previously announced, the total purchase price offered for each $1,000 principal amount of Notes that were validly tendered and not validly...

Source: Business Wire