@WSJ reporter covering municipal bonds and public finance. Former reporter at Bloomberg and The Times-Picayune. I like sailing and fishing.

Detroit sells first municipal bonds since emerging from bankruptcy

marketwatch.com — Detroit returned to the municipal-bond market for the first time since the city emerged from bankruptcy, selling $245 million of bonds Wednesday to investors demanding a premium for the securities despite extra protections for bondholders.

Puerto Rico Misses Most of $58 Million Debt Payment

wsj.com — Decision Reflects 'Serious Concerns About The Commonwealth's Liquidity' Puerto Rico missed most of a $58 million bond payment Monday, the first default by the U.S. commonwealth in what may become one of the largest restructurings in the history of the $3.7 trillion market for debt sold by U.S. state and local governments.
Aug 03, 2015

Puerto Rico missed most of a $58 million bond payment, the first default by the U.S. commonwealth, via @kuriloff wsj.com/articles/puert…

Aug 03, 2015

Puerto Rico misses most of $58 million debt payment on.wsj.com/1M1ojWu via @WSJ

Aug 03, 2015

Puerto Rico's bringing that summer heat. Officially in default, says WSJ's @kuriloff wsj.com/articles/puert…

Aug 03, 2015

America's #Greece: #PuertoRico triggered biggest municipal default in US history & fears of austerity death spiral. wsj.com/articles/puert…

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Deadline Draws Near for Puerto Rico

wsj.com — Investors are bracing for the island to default on about $58 million in bond payments in coming days Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt.

Puerto Rico set to default on $58 billion payment this weekend

marketwatch.com — Investors are bracing for Puerto Rico to miss about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion of debt. Saturday's deadline could mark the first skipped payment to bondholders since Gov. Alejandro Garcia Padilla last month said that the island's debts were unsustainable and urged negotiations with creditors.

Mutual Funds Are Front and Center in Puerto Rico Talks

wsj.com — Hedge funds are known as heavy buyers of Puerto Rico bonds, but as the U.S. commonwealth works to restructure about $72 billion in debt, it is a pair of mutual-fund firms that may take the lead in negotiations. OppenheimerFunds Inc. and Franklin Advisers Inc.
Jul 19, 2015

Two mutual fund companies own 15% of Puerto Rico's debt. wsj.com/articles/mutua…

Jul 20, 2015

OppenheimerFunds, Franklin Advisers to Figure Prominently in Puerto Rico Debt Talks wsj.com/articles/mutua… via @WSJ

Jul 20, 2015

RT @Chris_Whittall: OppenheimerFunds, Franklin Advisers to Figure Prominently in Puerto Rico Debt Talks wsj.com/articles/mutua… via @WSJ

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Inside a Sailing Showdown

wsj.com — Some 800 nautical miles east of Newport, in the Atlantic waters south of Newfoundland, a showdown is taking place. The combatants are two tycoons accustomed to coming out on top. The venue is the 2,800-mile Transatlantic Race, one of sailing's most prestigious ocean races.

Puerto Rico utility pays up on debt

marketwatch.com — he Puerto Rico Electric Power Authority paid all principal and interest due to bondholders on Wednesday, buying the troubled utility time as it works to reach a deal with creditors. The authority, also known as Prepa, said in a statement that it is funding the $415 million payment with about $153 million from its general fund and the rest from its debt-service reserves.

Puerto Rico utility, creditors close to deal to avoid default

marketwatch.com — The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, potentially staving off what investors feared might be the first default of many from the U.S.

Puerto Rico Utility, Creditors Close to Deal to Avoid Default

wsj.com — The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, staving off what investors feared might be the first default of many from the U.S.
Jun 30, 2015

Puerto Rico's electric utility is near a deal with its creditors to avoid default on.wsj.com/1IL94fe via @kuriloff

Jun 30, 2015

RT @NickTimiraos: Puerto Rico's electric utility is near a deal with its creditors to avoid default on.wsj.com/1IL94fe via @kuriloff

Jun 30, 2015

RT @margaretrawson: Puerto Rico utility, creditors close to deal to stave off default on.wsj.com/1IL94fe

Jun 30, 2015

RT @margaretrawson: Puerto Rico utility, creditors close to deal to stave off default on.wsj.com/1IL94fe

Jun 30, 2015

Puerto Rico Utility, Creditors Close to Deal to Avoid Default on.wsj.com/1IL94fe via @kuriloff

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Puerto Rico Governor Calls for Delay in Debt Payments for ‘Number of Years’

wsj.com — Alejandro Garcia Padilla in speech says request for negotiated agreement 'is not about politics' Puerto Rico Gov. Alejandro Garcia Padilla said the U.S. commonwealth can't pay its debts and called for a negotiated agreement with bondholders to delay payment for "a number of years" to help restore the island to prosperity.
Jun 29, 2015

Puerto Rico governor calls for delay in debt payments and wants chapter 9 made available to municipal entities on.wsj.com/1IIjv3g

More Articles →
Aug 21, 2015

About 7 million Americans haven’t paid federal student loans in at least a year on.wsj.com/1hQmxwl via @WSJ

Aug 20, 2015

Letters: Commonwealth of Puerto Rico Got Itself Into Its Mess on.wsj.com/1NvstqR via @WSJ

Aug 20, 2015

RT @rudegeair: Had managed to not tear up about Chase Utley no longer being a Phillie until I saw this jawn set to "See You Again" bit.ly/1HY2Aca

Aug 19, 2015

RT @Lindseymgreen: .@louiseradnofsky is creating great stories on Gymnastics for the WSJ. And she used the word Gymternet. So--10.0 wsj.com/articles/simon…


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