The settlement framework reached by this diverse group of stakeholders would significantly decrease the duration and cost of Puerto Rico's bankruptcy, while also providing for substantial deleveraging," the Ad Hoc Group of General Obligation Bondholders said in a statement. Other supporting parties in the settlement are the Bonistas del Patio, which represents island residents who own bonds, and the bond insurers Assured Guaranty, Ambac and MBIA. In total, the supporting parties hold more than $11 billion of Puerto Rico's debt.