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). 

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OBJECTION OF ASSURED GUARANTY CORP. AND ASSURED GUARANTY 

MUNICIPAL CORP. TO URGENT CONTESTED MOTION OF THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD, AS DEBTOR’S TITLE III 

REPRESENTATIVE, REQUESTING FURTHER EXTENSION OF FILING 

DEADLINES FOR SUBMISSION OF (A) PREPA’S PROPOSED AMENDED PLAN OF 

ADJUSTMENT AND (B) JOINT STATUS REPORT AND PROPOSED 

CONFIRMATION SCHEDULE(S) (ECF NO. 3887) 

To the Honorable United States District Court Judge Laura Taylor Swain: 

Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (together, 

“Assured”) hereby submit this Objection (the “Objection”) to the Urgent Contested Motion of the 

Financial Oversight and Management Board for Puerto Rico, as Debtor’s Title III Representative, 

Requesting Further Extension of Filing Deadlines (a) to August 25, 2023 for Submission of 

PREPA’s Proposed Amended Plan of Adjustment and Related Documents and (b) to August 30, 

2023 for Submission of Joint Status Report and Proposed Confirmation Schedules(s) (the “Urgent 

Motion,” ECF No. 3887)2, and respectfully state as follows: 

1. Assured respectfully submits this Objection to the Urgent Motion and shares 

in concerns expressed by GoldenTree Asset Management LP in its Objection to the Urgent Motion

(ECF No. 3888). 

[Remainder of Page Intentionally Omitted] 

 

2

 “ECF No.” refers to documents filed in Case No. 17-04780-LTS, unless otherwise noted. 

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Dated: August 17, 2023 

 New York, New York 

CASELLAS ALCOVER & BURGOS P.S.C. 

By: /s/ Heriberto Burgos Pérez 

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. 

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CERTIFICATE OF SERVICE 

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

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 August, 2023. 

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

 Howard R. Hawkins, Jr.* 

 * Admitted pro hac vice 

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