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Financials

Puerto Rico utility PREPA, creditors working on new debt deal

March 29 (Reuters) - Creditors of Puerto Rico’s struggling power authority, PREPA, have presented the island’s government with a counter-offer to restructure the utility’s $8.9 billion in debt, two people familiar with discussions said on Wednesday.

The U.S. territory’s government was planning to review the plan ahead of a Friday deadline to finalize a restructuring deal at the utility, said the people, who requested anonymity because the talks are private. (Reporting by Nick Brown; Editing by Richard Chang)

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