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Puerto Rico taps AlixPartners' Donahue for PREPA restructure

A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.
Ana Martinez | Reuters
A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.

Puerto Rico has selected Lisa Donahue of AlixPartners to lead the restructuring of the U.S. territory's troubled power authority PREPA, the New York Times reported on Thursday.

PREPA, whose debt troubles are a symbol of the wider troubles threatening the U.S. territory, must select a restructuring chief by Monday under a forbearance agreement with lenders and other creditors as it undertakes to restructure more than $9 billion in debt.

Reuters on Tuesday reported Donahue was front-runner for the position.

By Reuters

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