UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

-------------------------------------------------------------x 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et al.

 Debtors.1

-------------------------------------------------------------x 

PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

ORDER PURSUANT TO 

PROMESA SECTION 315, BANKRUPTCY 

CODE SECTIONS 105(a) AND 923, AND BANKRUPTCY RULES 2002, 9007, 

AND 9008 APPROVING FORM OF NOTICE OF COMMENCEMENT OF 

TITLE III CASES AND RELATED MATTERS, APPROVING MANNER 

OF SERVICE AND PUBLICATION THEREOF, AND GRANTING RELATED RELIEF 

Upon the Motion of Debtors Pursuant to PROMESA Section 315, Bankruptcy Code 

sections 105(a) and 923, and Bankruptcy Rules 2002, 9007, and 9008, for Order Approving 

Form of Notice of Title III Cases, Approving Manner of Service and Publication Thereof, and 

Granting Related Relief (the “Motion”)2 seeking entry of an order (i) approving the form of 

notice, substantially in the form attached hereto as Exhibit 1 (the “Title III Notice”) of the 

commencement of these Title III Cases and of the entry of the order for relief and related 

matters, (ii) the manner of service and publication of the Title III Notice, and (iii) granting 

related relief; and the Court having found it has jurisdiction over this matter pursuant to 

 

1

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

listed as a bankruptcy case number due to software limitations 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); and (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case 

No. 17 BK 3284) (Last Four Digits of Federal Tax ID: 8474).

2

 Capitalized terms not otherwise defined herein shall have the meanings given to them in the 

Motion. 

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PROMESA section 306; and it appearing that venue of these cases and the Motion in this district 

is proper pursuant to PROMESA section 307; and the Court having found that the relief 

requested in the Motion is in the best interests of the Debtors, their creditors, and other parties in 

interest; and the Court having found that the Debtors provided adequate and appropriate notice of 

the Motion under the circumstances and that no other or further notice is required; and the Court 

having reviewed the Motion and having heard statements in support of the Motion at a hearing 

held before the Court (the “Hearing”); and the Court having determined that the legal and factual 

bases set forth in the Motion and at the Hearing establish just cause for the relief granted herein; 

and any objections to the relief requested herein having been withdrawn or overruled on the 

merits; and after due deliberation and sufficient cause appearing therefor, it is HEREBY 

ORDERED THAT:

1. The Motion is granted as set forth herein. 

2. The form of the Title III Notice, substantially in the form attached hereto as 

Exhibit 1, is approved pursuant to Bankruptcy Code section 923, made applicable in these cases 

pursuant to PROMESA section 301. 

3. The Debtors shall cause the Title III Notice to be published once a week for three 

consecutive weeks, with the first publication to occur within seven days after the entry of this 

order or as soon thereafter as is practicable, in (a) El Nuevo Día in Spanish (primary circulation 

is in Puerto Rico); (b) Caribbean Business in English (primary circulation is in Puerto Rico); (c) 

The Bond Buyer in English (primary circulation is the United States); and (d) El Diario and El 

Nuevo Herald, both in Spanish (primary circulations are in New York and Miami, respectively). 

The Debtors shall file with the Court proof of publication not later than fourteen (14) days after 

the last publication. In addition, in its discretion, the Debtors may post the Title III Notice on the 

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Electronic Municipal Market Access database at https://emma.msrb.org. The Debtors may 

modify the Title III Notice as necessary or appropriate to conform such notice to publication, and 

may reformat the Title III Notice to minimize the number of pages for service. 

4. The Debtors shall also cause the Title III Notice to be served on the Initial Service 

List in both English and Spanish. The Debtors shall file with the Court proof of service no later 

than fourteen (14) days after service of the Title III Notice on the Initial Service List. Further, 

the Debtors shall promptly cause the Title III Notice to be posted on the website maintained by 

the Claims and Noticing Agent at https://cases.primeclerk.com/puertorico. In addition to serving 

the Title III Notice on the Initial Service List, the Debtors shall serve the Title III Notice on each 

party identified on the Creditor List within seven (7) days after the Creditor List is filed with this 

Court. 

5. The service and publication of the Title III Notice in accordance with this order 

provides sufficient notice of these Title III Cases, and satisfies the requirements of PROMESA 

and of Bankruptcy Code section 923. 

6. Notwithstanding any applicability of any Bankruptcy Rule, the terms and 

conditions of this order shall be immediately effective and enforceable upon its entry. 

7. The Debtors and the Oversight Board are authorized to take all actions, and to 

execute all documents, necessary or appropriate, to effectuate the relief granted in this order in 

accordance with the Motion. 

8. This Court shall retain exclusive jurisdiction to hear and determine any and all 

disputes related to or arising from the implementation, interpretation and enforcement of this 

order. 

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9. This Order resolves docket entry no. 42. 

Dated: June 1, 2017 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN

 United States District Judge 

 

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