Puerto Rico's PREPA to seek extension to bondholder agreement
NEW YORK Dec 15 (Reuters) - Puerto Rico's electric power authority PREPA is expected to ask bondholders to extend a forbearance agreement set to expire at the end of next March, two sources familiar with the ongoing negotiations said on Monday.
A presentation to the bondholders in New York on Monday highlighted the extent of the problems facing PREPA and fell short of an expected business plan. A comprehensive plan to turn around PREPA's failing business will take longer to produce than originally expected, the sources said. (Reporting by Nick brown Writing by Edward krudy)
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