Page 2 - Contingent Value News Today

Kalera AS (OTCPK:KSLLF) Q2 2022 Earnings Conference Call August 19, 2022 09:00 AM ET Company Participants Aparna Mehra - Director, Investor Relations Jim Leighton - President & Chief...

Holders of $4.3 billion of HTA bonds will receive $1.2 billion of new bonds with 5% coupons and $389 million of cash.

The Oversight Board also approved a new fiscal plan for the Highways and Transportation Authority.

Several recent challenges to the Plan of Adjustment that could threaten its approval.

Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.

The board wants the bankruptcy judge to say recently passed law, which prohibits cuts to pensions, does not bar the board's plan for two major pension changes.