IN THE UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re: 

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al., 

Debtors.1

PROMESA Title III 

No. 17-BK-3283-LTS 

(Jointly Administered) 

In re: 

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as representative of 

THE PUERTO RICO ELECTRIC POWER AUTHORITY, 

Debtor. 

PROMESA Title III 

No. 17-BK-4780-LTS 

 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number 

and the last four (4) digits of each Debtor’s federal tax identification number, as applicable, are 

the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17-BK-3283-LTS) (Last Four Digits 

of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) 

(Bankruptcy Case No. 17-BK-3284-LTS) (Last Four Digits of Federal Tax ID: 8474); (iii) Puerto 

Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government 

of the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17-BK-3566-LTS) (Last 

Four Digits of Federal Tax ID: 9686); (v) Puerto Rico Electric Power Authority (“PREPA”) 

(Bankruptcy Case No. 17-BK-4780-LTS) (Last Four Digits of Federal Tax ID: 3747); and 

(vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-BK-5523-LTS) 

(Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations). 

Case:17-03283-LTS Doc#:23570 Filed:02/17/23 Entered:02/17/23 15:24:34 Desc: Main

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PARTIAL JOINDER OF ASSURED GUARANTY CORP. AND ASSURED 

GUARANTY MUNICIPAL CORP. TO THE RELIEF REQUESTED IN THE 

SUPPLEMENTAL OBJECTIONS OF THE AD HOC GROUP OF PREPA 

BONDHOLDERS TO THE DISCLOSURE STATEMENT FOR THE FIRST 

AMENDED TITLE III PLAN OF ADJUSTMENT OF THE PUERTO RICO 

ELECTRIC POWER AUTHORITY [ECF NO. 3225] 

Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (together, “Assured”) 

hereby respectfully submit this partial joinder (the “Joinder”) to the substantive arguments raised 

in the Supplemental Objections of the Ad Hoc Group of PREPA Bondholders to the Disclosure 

Statement for the First Amended Title III Plan of Adjustment of the Puerto Rico Electric Power 

Authority [ECF No. 3225] (the “Supplemental Objection”).2

 Assured respectfully states as 

follows: 

1. Assured hereby joins in and incorporates by reference the arguments set forth in 

Parts II and III of the Supplemental Objection. Assured agrees with the Ad Hoc Group’s 

arguments that the Feb. 9 DS does not provide adequate information and that the First Amended 

Plan is patently unconfirmable. 

2. Assured otherwise reserves all of its rights with respect to the Feb 9 DS, the First 

Amended Title III Plan, the Supplemental Objection and any related filings. 

 

2

 Capitalized terms used in this Joinder, but not defined herein, shall have the meanings ascribed to them in 

the Supplemental Objection. 

Case:17-03283-LTS Doc#:23570 Filed:02/17/23 Entered:02/17/23 15:24:34 Desc: Main

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Dated: New York, New York 

 February 17, 2023 

CASELLAS ALCOVER & BURGOS 

P.S.C. 

By: /s/ Heriberto Burgos Perez 

Heriberto Burgos Pérez 

USDC-PR No. 204,809 

Ricardo F. Casellas-Sánchez 

USDC-PR No. 203,114 

Diana Pérez-Seda 

USDC–PR No. 232,014 

P.O. Box 364924 

San Juan, PR 00936-4924 

Tel.: (787) 756-1400 

Fax: (787) 756-1401 

E-mail: hburgos@cabprlaw.com 

 rcasellas@cabprlaw.com 

 dperez@cabprlaw.com 

Counsel for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. 

CADWALADER, WICKERSHAM & TAFT 

LLP 

By: /s/ Howard R. Hawkins, Jr. 

Howard R. Hawkins, Jr.* 

Mark C. Ellenberg* 

Casey J. Servais* 

William J. Natbony* 

Thomas J. Curtin* 

200 Liberty Street 

New York, New York 10281 

Tel.: (212) 504-6000 

Fax: (212) 406-6666 

Email: howard.hawkins@cwt.com 

 mark.ellenberg@cwt.com 

 casey.servais@cwt.com 

 bill.natbony@cwt.com 

 thomas.curtin@cwt.com 

 

*Admitted Pro Hac Vice 

Counsel for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. 

 

Case:17-03283-LTS Doc#:23570 Filed:02/17/23 Entered:02/17/23 15:24:34 Desc: Main

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CERTIFICATE OF SERVICE 

 I hereby certify that I filed this document electronically with the Clerk of the Court for 

the United States District Court for the District of Puerto Rico by using the CM/ECF system, 

which will send notification of such filing to all parties of record in the captioned case. 

At New York, New York, the 17th day of February, 2023. 

By: /s/ Howard R. Hawkins, Jr. 

 Howard R. Hawkins, Jr.* 

 * admitted pro hac vice 

Case:17-03283-LTS Doc#:23570 Filed:02/17/23 Entered:02/17/23 15:24:34 Desc: Main

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