NEW YORK, July 31 Lenders who provide Puerto
Rico's electric power authority with lines of credit agree to
extend a payment deadline until Aug. 14, giving the troubled
authority time to consider more financing options, the authority
known as PREPA said on Thursday.
PREPA also said it is in talks with creditors and insurers
of more than 60 percent of its debt regarding obtaining
near-term liquidity. PREPA uses the credit lines to fund
operations such as oil purchases for its generators.
"This latest show of support from our bondholders, bond
insurers and lenders provides us with additional time to
evaluate all available options to ensure we are reaching the
best possible outcome for our employees, customers, creditors
and suppliers," said Juan F. Alicea Flores, Executive Director
(Reporting by Edward Krudy; Editing by James Dalgleish)