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

Case No. 17-3283-LTS

Court Filing Relates Only to 

PREPA

In re:

The Financial Oversight and Management Board for 

Puerto Rico, 

as representative of

The Puerto Rico Electric Power Authority,

Debtor.

PROMESA

Title III

Case No. 17-4780-LTS

(Jointly Administered)

JOINDER OF SYNCORA GUARANTEE INC. TO THE OBJECTION OF THE AD HOC 

GROUP OF PREPA BONDHOLDERS TO THE URGENT MOTION OF PUERTO RICO 

ELECTRIC POWER AUTHORITY FOR ORDER (I) SCHEDULING A HEARING TO 

CONSIDER THE ADEQUACY OF INFORMATION CONTAINED IN THE 

DISCLOSURE STATEMENT, (II) ESTABLISHING THE DEADLINE FOR FILING 

OBJECTIONS TO THE DISCLOSURE STATEMENT AND REPLIES THERETO, (III) 

APPROVING FORM AND MANNER OF NOTICE THEREOF, (IV) ESTABLISHING 

DOCUMENT DEPOSITORY PROCEDURES IN CONNECTION THEREWITH, AND 

(V) GRANTING RELATED RELIEF

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); and (v) Puerto Rico Electric Power Authority (“PREPA”) 

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

numbers are listed as Bankruptcy Case numbers due to software limitations).

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Syncora Guarantee, Inc. (“Syncora”) hereby respectfully submits this joinder to the

Objection of the Ad Hoc Group of PREPA Bondholders to the Urgent Motion of Puerto Rico 

Electric Power Authority for Order (I) Scheduling a Hearing to Consider the Adequacy of 

Information Contained in the Disclosure Statement, (II) Establishing the Deadline for Filing 

Objections to the Disclosure Statement and Replies Thereto, (III) Approving Form and Manner of 

Notice Thereof, (IV) Establishing Document Depository Procedures in Connection Therewith, and 

(V) Granting Related Relief [Case No. 17-4780-LTS, ECF No. 3116; Case No. 17-03283-LTS, 

ECF No. 23102] (the “Ad Hoc Group Objection”).2 Syncora joins and adopts the arguments 

raised in the Ad Hoc Group Objection, including the modified briefing schedule proposed therein. 

Syncora further reserves all rights with respect to the issues raised in the Urgent Motion, including 

the right to be heard at any hearing on the Urgent Motion.

[Remainder of Page Intentionally Left Blank]

2

 Capitalized terms used but not otherwise defined herein shall have the meanings ascribed 

to such terms in the Ad Hoc Group Objection.

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DATED: December 18, 2022

Respectfully submitted,

REICHARD & ESCALERA

By : /s/ Rafael Escalera

Rafael Escalera

USDC No. 122609

escalera@reichardescalera.com

Sylvia M. Arizmendi

USDC-PR 210714

arizmendis@reichardescalera.com

Carlos R. Rivera-Ortiz 

USDC-PR 303409

riverac@reichardescalera.com

255 Ponce de León Avenue

MCS Plaza, 10th Floor

San Juan, Puerto Rico 00917-1913

QUINN EMANUEL URQUHART & 

SULLIVAN, LLP

Susheel Kirpalani (pro hac vice)

susheelkirpalani@quinnemanuel.com

Daniel Salinas

USDC-PR 224006

danielsalinas@quinnemanuel.com

Eric Kay (pro hac vice)

erickay@quinnemanuel.com

51 Madison Avenue, 22nd Floor

New York, New York 10010-1603

Co-Counsel for Syncora Guarantee, Inc.

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99999-77029/13793841.1

CERTIFICATE OF SERVICE

I hereby certify that on this same date, I electronically filed the foregoing with the Clerk 

of the Court using the CM/ECF system which will send notification of such filing to counsel for 

the parties of record.

/s/ Carlos R. Rivera Ortiz

USDC-PR

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