 Rich Myers |
Profile Advisors handles the largest creditor group in Puerto Rico that agreed yesterday on a financial deal that Governor Ricardo Rossello hailed as “a significant step in restructuring Puerto Rico’s debt and reaffirms once again the credibility of our efforts.”
The COFINA Senior Bondholders Coalition said restructuring of an estimated $18B in debt lays the groundwork for future capital market access and equitable recoveries and resumption of cash interest for bondholders.
It also reduces the island’s debt by $7B.
The Wall Street Journal reported the restructuring, which requires court approval, would “mark the largest consensual debt settlement with creditors” since Puerto Rico entered bankruptcy last year.
Edelman Financial veterans Rich Myers and Greg Marose launched Profile Advisors in April with support from Prosek Partners.
They exited Edelman in March.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
