Early Dealmaking Benefits Creditors, Debtors in Puerto Rico’s Restructuring
By Matt Rodrigue, Managing Director & Christine Song, Director, Miller Buckfire
The bankruptcy of the Commonwealth of Puerto Rico and its instrumentalities is unprecedented in legal complexity and scale, with more than $120 billion of municipal liabilities subject to restructuring. To organize and facilitate this task, on June 30, 2016, President Barack Obama signed into...
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Christine Song is a director of Miller Buckfire. Her municipal restructuring experience includes advising the City of Detroit in its Chapter 9 filing and advising creditor groups in the Commonwealth of Puerto Rico and COFINA Title III cases, including the Senior COFINA Bondholder Coalition, the Lawful Constitutional Debtholders Coalition (LCDC), and the Ad Hoc Group of FGIC-wrapped Noteholders. Song is also part of the team advising National Public Finance Guaranty Corp. with respect to its PREPA exposure.
Matthew C. Rodrigue is a managing director and co-head of Miller Buckfire & Co., a New York-based investment bank that advises on complex debt restructurings. In recent years, he and his team have advised the Senior COFINA Ad Hoc Group, the Lawful Constitutional Debtholders Coalition (LCDC), the Ad Hoc Group of FGIC-wrapped Noteholders, and National Public Finance Guaranty Corp. with respect to its Puerto Rico Electric Power Authority bond insurance.
