Large investors and bondholders of Puerto Rico’s debt will be meeting in Midtown offices of law firm Jones Day Thursday, focusing on perhaps the potential for a restructuring of around $70 billion of its outstanding debt, according to a Reuters report.
Around 200 participants, including hedge funds invested in Puerto Rico, will attend the event in New York, according to Jones Day partner Scott Greenberg.
Greenberg declined to say who exactly would be attending.
Concern about Puerto Rico has grown exponentially since yields on its bonds soared last year amid growing interest about its struggling economy and high debt loads. Cumberland Advisors held a similar meeting for investors on Tuesday.