Generac to Acquire Majority Share of PR Industrial

April 6, 2016

WAUKESHA, Wisconsin, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — Generac Holdings Inc. (NYSE: GNRC) (“Generac”), a leading designer and manufacturer of power generation equipment and other engine powered products, announced today the signing of an agreement to acquire a majority share of PR Industrial S.r.l and its subsidiaries, owner of the Pramac® brand (collectively Pramac). The transaction is expected to close prior to the end of the first quarter of 2016.

Founded in 1966 by the Campinoti family and headquartered in Siena, Italy, Pramac is a leading manufacturer of stationary and mobile generators for a variety of commercial and industrial applications primarily sold under the Pramac® brand, as well as portable generators used for numerous residential, light construction and recreational purposes. The company also has a line of material handling equipment sold under the Lifter® brand. Selling into over 150 countries through a broad distribution network, Pramac employs over 600 people across its four manufacturing plants and 14 commercial branches worldwide.

“Acquiring a majority share of Pramac will be a great strategic fit for Generac as we build out our power generation business around the globe,” said Aaron Jagdfeld, President and Chief Executive Officer. “This acquisition will dramatically increase our global presence by adding product, manufacturing and distribution capabilities that serve local markets around the world. In addition to creating global opportunities for our existing product lines, this transaction should also generate meaningful cost synergies as we leverage our combined sourcing and manufacturing capabilities across the world.”

CONTACT:
Michael W. Harris
Vice President – Finance
(262) 544-4811 x2675
[email protected]

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Tech Startup PlaceAVote Launches Innovative Platform to Activate the People’s Voice in Politics

April 6, 2016

NEW YORK, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — Political engagement startup PlaceAVote.com, announces today the launch of its web and mobile platforms. The secure, nonpartisan forum gives users a place to read, debate, and securely vote on political issues.

Logo – http://photos.prnewswire.com/prnh/20160405/351992LOGO

Voters are increasingly facing a crisis of confidence when it comes to the political system. Today, only 19% of Americans say they trust the government always or most of the time, and when it comes to politicians, 55% of the public says that “ordinary Americans” would do a better job in solving national problems than elected officials [1]. Consequently, average U.S. voter turnout trails most other developed countries [2]. PlaceAVote’s goal is to make the democratic process more accessible by providing district voters an easy way to connect with their representatives and share their thoughts throughout the legislative process. Simultaneously, this gives elected officials the ability to vote along with their constituencies. Now, there’s a direct line to politicians, boosting American civic engagement and eliminating the “my vote doesn’t count” concern.

This transparent service gives PlaceAVote users a greater voice in national politics, allowing visibility into the latest bills, as well as the ability to instantly send feedback and messages to the representatives passing these bills. Congressmen, via PlaceAVote, now have a granular snapshot into their district’s views on all issues. In turn, these active voters can gain their own following, become subject matter experts and engage with public officials while publishing personal votes.

“Our platform is intended to help citizens improve the weight of their votes, and hopefully encourage them to be involved and turn out for Election Day,” states Luke Davis, Co-Founder of PlaceAVote. He adds, “PlaceAVote is the much-needed first step towards a better government that truly works for its people. Let’s use technology to prioritize the issues we care about and loudly communicate them to those we put in power as our delegates.”

Through secure, proprietary technology built on Ethereum (an evolution of the blockchain database), PlaceAVote protects and verifies the identity and accuracy of each user and their information. The software is intended to create a real-time mechanism for the national population to interact with their politicians with the aim to encourage others to be better informed, have a stance and to make their voice heard.

By using PlaceAVote’s technology, voters will be encouraged to share their inner voices while overcoming national concerns to uncover the hidden workings of what drives political movements. This new social platform will create a more engaged network of politically engaged users.

Link to download imagery

Link to download PlaceAVote Campaign Video

About PlaceAVote:
PlaceAVote is a secure, nonpartisan forum that lets users read, debate, and vote on every bill before congress. Users are securely verified with results published onto a blockchain-style voting platform, allowing real-time data-feeds and analytics for politicians, organizations and media looking to engage politically active users. PlaceAVote was founded in Los Angeles, California by Ben Colman and Luke Davis. For more information, please visit PlaceAVote.com.

Media Contact:
Kelly Ricci
[email protected]
407.421.4182

[1] People-press.org, May 5^th, 2015, P2, http://www.people-press.org/2015/11/23/beyond-distrust-how-americans-view-their-government/

[2] Pew Research Center, November 23^rd, 2015, P2, http://www.pewresearch.org/fact-tank/2015/05/06/u-s-voter-turnout-trails-most-developed-countries/

Chevrolet, Buick and GMC Expand Military Discounts

April 6, 2016

DETROIT, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today through May 31, 2016, Chevrolet, Buick and GMC will expand their military discount programs for all 21 million U.S. military veterans and their spouses, in honor of National Military Appreciation Month.

Logo – http://photos.prnewswire.com/prnh/20160406/352052LOGO

“These brave men and women have done so much for our country,” said Steve Hill, GM vice president of U.S. sales and service. “Making sure all veterans can take advantage of our military discount to celebrate Military Appreciation Month is one small way we can express our gratitude.”

GM offers the industry’s most comprehensive automotive military discount program. The program is typically available to U.S. military veterans within one year of separation, active-duty personnel, reservists, retirees and their spouses. In honor of May’s National Military Appreciation Month, the program expands to include all veterans – regardless of their separation date – and their spouses.

The discount is available for popular models, including the all-new Chevrolet Malibu, GMC Sierra and Buick Encore. Because the discount can be combined with most current incentives, veterans could save thousands of dollars on some vehicles. For details, visit gmmilitarydiscount.com.

“The Military Discount is one of many GM efforts to say thank you to U.S. military families,” said Ken Barrett, GM chief diversity officer and a former U.S. Navy captain. “Through our strong partnerships with Building for America’s Bravest, Hiring Our Heroes and the Achilles Freedom Team, we are committed to hiring and helping veterans.”

GM has supported the U.S. military since 1917, when 90 percent of GM’s truck production was directed towards WWI manufacturing. During WWII, GM converted all its plant facilities in support of President Franklin D. Roosevelt’s call for an “Arsenal of Democracy,” and has produced more U.S. military vehicles than any manufacturer in history.

Today, GM is hiring and helping the latest generation of veterans as they return home. As a national partner of Hiring Our Heroes, GM joined other military-friendly employers to help the campaign find jobs for more than 500,000 veterans since 2012.

In 2016, GM was the only automaker named a “Best for Vets” employer by Military Times and a “Military Spouse Friendly” employer by Military Spouse magazine.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

Borinqueneers To Be Honored At Congressional Gold Medal Ceremony

April 6, 2016

WASHINGTON, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — History will be made on April 13, 2016 as veterans of the 65^th Infantry Regiment are honored by leaders of the U.S. House of Representatives and Senate with the presentation of a Congressional Gold Medal for its valor, determination and bravery displayed during the Korean War. The Congressional Gold Medal is the highest civilian honor the United States Congress can bestow.

Photo – http://photos.prnewswire.com/prnh/20160406/352020

Multiple members of the House and Senate who supported the initiative will attend and/or speak at the bipartisan, bicameral ceremony event, including Congressman Pedro Pierluisi (D-PR) and Congressman Bill Posey (R-FL), Senator Richard Blumenthal (D-CT), Senator Marco Rubio (R-FL), House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Senate Democratic Leader Harry Reid (D-NV), and House Democratic Leader Nancy Pelosi (D-CA).

Originated in Puerto Rico in 1899, members of the 65^th Infantry Regiment known as the Borinqueneers have the distinction of having participated in all global wars of the 20^th Century, including World War I, World War II and the Korean War. In addition to the Congressional Gold Medal, the Regiment earned a collective nine Distinguished Service Crosses, approximately 250 Silver Stars, more than 600 Bronze Stars, more than 2,700 Purple Hearts, and 15 Unit Citations for its extraordinary service to the Nation during the Korean War.

In an effort to further awareness and recognition of these national heroes and their achievements, the not-for-profit Borinqueneers Congressional Gold Medal Ceremony National Committee (BCGMCNC) was created. In addition to organizing all the activities associated with the unveiling ceremony in DC, the group is also planning additional ceremonies in San Juan, Puerto Rico and Central Florida.

The group’s founder and CEO, Samuel Rodríguez, was chosen to collaborate with the US Mint on the design of the medal which will be given to the Smithsonian Institute and placed on public display following the ceremony. In an effort to expose as many of the Borinqueneers and their families to the medal, it is the hope of the BCGMCNC that the medal can be toured and displayed at appropriate locations across the country. In addition, an initiative is currently underway to buy replica medals from the U. S. Mint that will be given free of cost to members of the regiment and their direct descendants.

“In accordance with Public Law No: 113-20, a single gold medal has been struck to honor the Borinqueneers,” said Rodríguez. “But we think that each member deserves their own medal. There are more than 1,000 living veterans throughout the United States, and, thanks to Goya Foods, Inc., we have raised enough so far to give one to each of the 230 attendees who will be at the ceremony in Washington, D.C. However, we still need funds for the rest so that no veteran is left out.”

While the BCGMCNC was originally established as a way to enhance the Congressional Gold Medal ceremony by adding events and activities for the Borinqueneers and their families and to raise funds for the replica medals, Rodríguez sees a greater purpose. “These veterans deserve recognition and our great Nation needs to be educated about them,” said Rodríguez. “Through educating people about their courage and heroism, we are carrying on their legacy and hopefully inspiring others to follow in their footsteps.”

Donations are currently being accepted at http://www.gofundme.com/65thBCGMCNC.

About the BCGMCNC
The Borinqueneers Congressional Gold Medal Ceremony National Committee (BCGMCNC) is a national non-profit organization committed to honoring and celebrating all of the members of the U.S. Army’s 65th Infantry Regiment known as the Borinqueneers, including those that are Missing in Action, Prisoners of War, Fallen, Departed and Living from 1899 – 1956 by: Paying tribute to the Veterans; Promoting their legacy; and Educating the public. To learn more about the BCGMCNC visit http://www.bcgmceremony.org

Kripalu Partners With Rina Jakubowicz To Host First Spanish-Language Yoga Teacher Training

April 6, 2016

STOCKBRIDGE, Massachusetts, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — The Kripalu Center for Yoga & Health today announced that it has partnered with Rina Jakubowicz, an internationally renowned yoga teacher trainer, to launch the first-ever Spanish-language yoga teacher training at a major school of yoga in the United States. The two-part program will run from July 31^st – August 12^th and again from October 30^th – November 11^th at the Kripalu Center in Stockbridge, Massachusetts, and will be delivered entirely in Spanish. At the core of the partnership is Kripalu’s commitment to break down barriers in the yoga community and to bring the positive benefits of yoga to more diverse populations including Spanish-speaking communities that may have historically lacked access, or that may be underserved.

Logo – http://photos.prnewswire.com/prnh/20160405/351758LOGO

“We are very excited to launch this Spanish-language yoga teacher training and are grateful for this important collaboration with Rina,” said David Lipsius, CEO of the Kripalu Center of Yoga & Health. “The U.S. is the second largest Spanish-speaking country in the world and our hope is that through this program and others, Kripalu can continue to promote and celebrate all facets of inclusiveness and diversity within the field of yoga education. This program is an important step toward creating an awakened, compassionate and connected world and we are honored to train these teachers.”

The Spanish-language yoga teacher training will be held starting in July 2016 at Kripalu Center, the largest yoga retreat and educational center in North America, and home to the highly acclaimed Kripalu Schools of Yoga and Ayurveda. The two-part training, which is Yoga Alliance-certified, will be led by Rina Jakubowicz, an internationally recognized yoga teacher and founder of Rina Yoga in Miami, Florida. Rina will provide participants deeper knowledge in the following:

Foundational yoga postures and proper alignment
Fundamental yogic breathing practices, focus techniques, and centering meditations
Basic anatomy and physiology as applied to yoga
Yoga philosophy
Teaching methodology
Sequencing

“It is my hope that this training ignites a movement; a conscious movement for Hispanics,” said Jakubowicz. “There are so many Spanish-speaking communities across the world who have yet to experience the benefits of yoga because they don’t have access to it, and my goal for this program is to create an abundance of opportunities for them to practice in their native tongue and to experience all of its gifts.”

For more information on Kripalu’s 200-Hour Spanish-Language Teacher Training or to register for the program, visit https://kripalu.org/presenters-programs/200-hour-yoga-teacher-training-en-espa-ol-rina-jakubowicz-kripalu-center-parts-1.

About Kripalu Center for Yoga & Health
Kripalu is the epicenter of evidence-based, humanity-inspired yoga. Humanity-inspired yoga is an inclusive approach that unifies the diverse community of yoga teachers and traditions behind the single goal of elevating the global human experience through the cultivation of compassion. Kripalu is a non-profit, educational organization located in Stockbridge, Mass. For more information, visit https://kripalu.org/, like Kripalu on Facebook at https://www.facebook.com/kripalucenter/, or follow the center on Twitter and Instagram @KripaluCenter.

AHAA Annual Conference Serves as a Digital Hot Spot for Top-Notch Content

April 6, 2016

FAIRFAX, Virginia, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — AHAA: The Voice of Hispanic Marketing is pulling out all the stops when it comes to digital content at its annual conference, AHAA 20/20: The Future in Focus, taking place at the Nobu Eden Roc Resort in Miami on April 18-20, 2016. Sponsored by YAHOO! and spearheaded by AHAA’s Hispanic Digital Media Committee (HDMC), the digital track will cover automated advertising, digital product branding, digital audio, social native content, and digital advertising fraud.

“We are thrilled to work with our partners, YAHOO! and the Interactive Advertising Bureau, to provide attendees with the game-changing digital topics affecting today’s media landscape and impacting the brand-consumer relationships of tomorrow,” said HDMC Chair Rafael Monteiro, CEO, Hispanic on Demand.

Sessions include the following:

Digital Advertising Fraud: White Ops

The war on fraud is not going well. Advertisers are expected to lose an estimated $7.2 billion globally this year as a result of fraudulent impressions, or bots and Hispanic campaigns are especially targeted. Learn from a study conducted by the ANA and White Ops, a leader in online fraud mitigation for digital advertising.
Speaker: Ash Kalb, Co-Founder, White Ops

Digital Hot Topics: Social Native Content, Ad Blocking & Video Creativity for Multicultural Bilinguals

What makes social content engaging? Top content creators provide best practices in the production and publishing of native content that breaks through the social feed’s clutter and truly engages fans, including Multicultural Bilinguals with all their cultural nuances. Attendees also will get an update on the development of the standards-track documents, LEAN and DEAL guidance in response to ad blocking, as well as efforts tackling malware and fraud through the Trustworthy Accountability Group that aim to bring efficiencies to the market.
Moderated by Borja Perez, SVP, Digital & Social Media, NBCUniversal Hispanic Group
Panelists: Ayan Valle, VP, Digital & Social Partnerships, NBCUniversal Telemundo Enterprises; Brendan Riordan-Butterworth, Director of Technical Standards, IAB Tech Lab; Diego Antista, US Hispanic Agency Head, Google

The Evolution of the Private Marketplace (PMP)

Is Automated Guaranteed the Ideal Model for the U.S. Hispanic Market?
Moderated by: Izzy Gonzalez, Integrated Sales Manager, CNN en Español and Vice Chair, AHAA HDMC, and Rafael Monteiro, CEO, Hispanic on Demand and Chair, AHAA HDMC
Panelists: Matthew Harris, Sales Director, US Hispanic, YAHOO! and Rena Unger, Director Industry Initiatives, IAB

How the Rapid Adoption of Digital Media Changes the Challenge of Branding a Product or a Company

Taking top U.S. Hispanic news media to the next level by rebranding for an ampler consumer market.
Moderated by Sylvia Franco, CEO, Inclusion Strategy Group
Panelists: Fabiola Almerini, República, and Borja Echevarria, Univision Digital

Understanding How Latinos Are Consuming Digital Audio Today

It is no secret that Hispanic consumers index among the highest in terms of digital use in almost every category. When it comes to consuming audio, digital platform consumption has been growing at a fast pace. To help understand what and when they are consuming digital audio, AudioAd recently did a survey to understand consumption habits of digital audio among Latino
Speaker: Nestor Perinot, VP Sales, AudioAd

The 2016 AHAA Annual Conference will focus on the marketing landscape’s unprecedented speed and scope of disruption and change with its theme AHAA 20/20: The Future in Focus. Themes like demographic disruption, programmatic, native advertising, ad blocking, digital advertising fraud will be covered, along with a strong roster of C-suite leaders and futurists who will arm attendees with strategies to leverage every consumer touch point. Keynote speakers include: Wendy Clark, President-CEO of North America DDB; film and television screenwriter and producer Roberto Orci, billion-dollar filmmaker behind some of the decade’s biggest films including Mission: Impossible III, Eagle Eye, Transformers, Transformers: Revenge of the Fallen, Cowboys and Aliens and the Star Trek films; Eric Reynolds, SVP-Chief Marketing Officer, The Clorox Company;Rich Benjamin, Author of Searching for Whitopia: An Improbable Journey to the Heart of White America; Luis Balaguer, founder and CEO of Latin World Entertainment (LatinWE), the premier Hispanic talent management company in the U.S.

For more information, please visit http://ahaa.org and follow all conference chatter on Twitter using the @ahaa handle and hashtag #ahaafuture.

About AHAA: Founded in 1996, AHAA: The Voice of Hispanic Marketing is the national trade organization of all marketing, communications and media firms with trusted Hispanic expertise.

MoneyGram to Release First Quarter 2016 Results

April 6, 2016

DALLAS, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — MoneyGram (NASDAQ: MGI) will announce its first quarter 2016 financial results on Friday, April 29, 2016. Alex Holmes, chief executive officer, and Larry Angelilli, chief financial officer, will host a conference call at 9:00 a.m. ET to discuss the financial results. The news release and the webcast will be available at ir.moneygram.com. Participants may join the call at the numbers below:

Toll Free:	1-888-215-6899
International:	1-913-981-5549
Replay:	1-877-870-5176 or 1-858-384-5517
Replay ID:	1424878
Replay is available through May 6, 2016

Logo – http://photos.prnewswire.com/prnh/20150730/251082LOGO

About MoneyGram International

MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in the U.S. More information about MoneyGram International, Inc. is available at moneygram.com.

Investors:
Suzanne Rosenberg
214-979-1400
[email protected]

Media Contact:
Michelle Buckalew
214-979-1418
[email protected]

Zero-Click Ordering from Domino’s® — When One Click Is One Too Many

April 6, 2016

ANN ARBOR, Michigan, April 6, 2016 /PRNewswire-HISPANIC PR WIRE/ — Domino’s Pizza (NYSE: DPZ), the recognized world leader in pizza delivery and digital ordering platforms, is launching the easiest way for consumers to order yet: zero-click ordering. As a brand that is committed to providing customers with ordering choices, the new Zero Click app for iOS and Android™ is available beginning today and allows customers to easily place their Easy Order.

Photo – http://photos.prnewswire.com/prnh/20160405/351837

Logo – http://photos.prnewswire.com/prnh/20120814/DE55948LOGO-b

When Domino’s launched the Easy Order in 2013, which refined the ordering experience down to five clicks, it seemed like the height of convenience for consumers. It wasn’t.

Zero-click ordering is as easy as it sounds. Download the app and link it to a Domino’s Pizza Profile. When the new app is opened, the saved Easy Order is automatically re-ordered without a single tap, swipe or click. Customers will see a 10-second countdown timer before the order is placed (giving consumers a chance to stop their order) and voila!

“We think about how to make digital ordering better all day and all night,” said Dennis Maloney, chief digital officer at Domino’s. “Zero-click ordering is a dream come true for us. I’m not saying the idea came to me in a dream (and I’m not saying it didn’t), but I challenge someone to dream up an easier way to order.”

More information and a short video of zero-click ordering can be found at anyware.dominos.com, along with information about all of the AnyWare^™ ordering platforms, including emoji, Twitter, text, smart TV and Amazon Echo.

About Domino’s Pizza^®Founded in 1960, Domino’s Pizza is the recognized world leader in pizza delivery, with a significant business in carryout pizza. It ranks among the world’s top public restaurant brands with a global enterprise of more than 12,500 stores in over 80 international markets. Domino’s had global retail sales of over $9.9 billion in 2015, comprised of more than $4.8 billion in the U.S. and nearly $5.1 billion internationally. In the fourth quarter of 2015, Domino’s had global retail sales of over $3.3 billion, comprised of over $1.6 billion in the U.S. and over $1.7 billion internationally. Its system is comprised of independent franchise owners who accounted for nearly 97% of Domino’s stores as of the fourth quarter of 2015. Emphasis on technology innovation helped Domino’s generate over 50% of U.S. sales from digital channels at the end of 2015, and reach an estimated $4.7 billion annually in global digital sales. Domino’s features an ordering app lineup that covers nearly 95% of the U.S. smartphone market and has recently introduced several innovative ordering platforms, including Ford SYNC^®, Samsung Smart TV^® and Pebble Watch, as well as Twitter and text message using a pizza emoji. In late 2015, Domino’s announced the design and launch of the DXP^®, a purpose-built pizza delivery vehicle, as well as Piece of the Pie Rewards, its first digital customer loyalty program.

Order – dominos.com
AnyWare Ordering – anyware.dominos.com
Company Info – biz.dominos.com
Twitter – twitter.com/dominos
Facebook – facebook.com/dominos
Instagram – instagram.com/dominos
YouTube – youtube.com/dominos

Puerto Rico General Obligation Bondholders Release Term Sheet for Consensual Deal

April 5, 2016

WASHINGTON, April 5, 2016 /PRNewswire-HISPANIC PR WIRE/ — Numerous investors (including certain mutual funds) holding $5bn in Puerto Rico’s General Obligation bonds have agreed upon the terms of a joint restructuring proposal. It is expected that additional GO bondholders will join in this proposal in the very near future. Their joint restructuring proposal has now been released by the GO Bondholder group.

In addition to releasing the GO Bondholder term sheet, Andrew Rosenberg of Paul, Weiss, Rifkind, Wharton and Garrison LLP, an advisor to the Ad Hoc group of Puerto Rico’s General Obligation bondholders, issued the following statement:

“We believe this proposal has significant local bi-partisan support in the legislature, which should be encouraging to the Government of Puerto Rico. While we would like to negotiate with the Puerto Rican Government in private and in good faith, the debt moratorium it has proposed that is before the Puerto Rican legislature has prompted this public release. We welcome engagement with important stakeholders throughout Puerto Rico, including the legislature and other leaders. We also welcome engagement with other GO bondholders.

“This offer should be attractive to the Commonwealth as it defers nearly $2 billion in principal over the next five years, and provides new money. Most importantly, this consensual process avoids a July 1 default, which would irreparably harm Puerto Rico’s economy, hurt millions of American citizens who live on the island, and impair Puerto Rico’s access to markets and its ability to finance essential services.”

For any media inquiries, contact Miriam Warren at [email protected].

Main Street Bondholders Denounces Illegal Moratorium on Constitutional Debt Payments

April 5, 2016

WASHINGTON, April 5, 2016 /PRNewswire-HISPANIC PR WIRE/ — In response to Puerto Rico Governor Alejandro Garcia Padilla’s illegal moratorium on all Commonwealth debt payments, which creates a constitutional crisis on the island by including debts backed by the “full faith and credit” of the Puerto Rican Government, Main Street Bondholders released the following statement:

“This unilateral moratorium is a direct violation of our Constitution and undermines the rule of law that once governed Puerto Rico,” said Main Street Bondholders Member Dr. Elias Gutierrez. “Governor Garcia Padilla has made clear that he will pursue any means necessary to follow his agenda, regardless of legality, and in doing so has all but destroyed the credibility of the Commonwealth.”

“The moratorium will crush any negotiations that may have been ongoing in good faith between Puerto Rico and bondholders,” said Main Street Bondholders Member Teresa Garcia. “This bill makes finding a consensual solution essentially impossible, and wrongly directs a crisis of the governor’s own making at regular bondholders all over Puerto Rico.”

The moratorium legislation, which was passed by the Puerto Rican Senate early this morning, awaits a final vote in the Puerto Rico House of Representatives at 11:00 am ET. If passed, the unconstitutional moratorium will likely doom the Puerto Rican Government and its bondholders to years of protracted litigation.

Main Street Bondholders Coalition is a project of the 60 Plus Association, and is comprised of small bondholders from across America who are committed to a policy process that returns Puerto Rico to sound financial management, respect for the rule of law, and the protection of their retirement savings.

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