UNITED STATES DISTRICT COURT

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)

INFORMATIVE MOTION OF THE COFINA SENIOR BONDHOLDERS’ 

COALITION REGARDING ITS REQUEST TO BE HEARD

AT THE FEBRUARY 15, 2018 HEARING

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

The COFINA Senior Bondholders’ Coalition2hereby submits this informative motion in 

response to the Court’s Order Regarding Procedures for Attendance, Participation and 

Observation of the February 15, 2018 Final Hearing on PREPA Financing Motion (Dkt. No. 

2448) (the “Order”) with respect to the Urgent Joint Motion of the Financial Oversight and 

 

1

 The Debtors in these Title III cases, along with each Debtor’s respective bankruptcy 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) 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); (iv) Puerto Rico Highways and 

Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567-LTS) (Last Four Digits of Federal Tax ID: 

3808); 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).

2

 The members of the COFINA Senior Bondholders’ Coalition are Fideicomiso Plaza and the following 

entities, either as beneficial holders or on behalf of managed funds and accounts: Aristeia Horizons, L.P.; Canyon 

Capital Advisors LLC (on behalf of its participating clients); River Canyon Fund Management LLC (on behalf of its 

participating clients); Decagon Holdings 1, L.L.C.; Decagon Holdings 2, L.L.C.; Decagon Holdings 3, L.L.C.; 

Decagon Holdings 4, L.L.C.; Decagon Holdings 5, L.L.C.; Decagon Holdings 6, L.L.C.; Decagon Holdings 7, L.L.C.; 

Decagon Holdings 8, L.L.C.; Decagon Holdings 9, L.L.C.; Decagon Holdings 10, L.L.C.; GoldenTree Asset 

Management LP; Old Bellows Partners LP; Scoggin Management LP; Taconic Master Fund 1.5 L.P.; Taconic 

Opportunity Master Fund L.P.; Tilden Park Capital Management LP.; and Whitebox Advisors, LLC.

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Management Board for Puerto Rico and The Puerto Rico Fiscal Agency and Financial Advisory 

Authority for Entry of Interim and Final Orders (A) Authorizing Postpetition Secured Financing, 

(B) Granting Priming Liens and Providing Superpriority Administrative Expense Claims, (C) 

Modifying the Automatic Stay, (D) Scheduling a Final Hearing, and (E) Granting Related Relief 

(Dkt. No. 2298] (as amended, the “DIP Motion”), and respectfully states as follows:

1. Susheel Kirpalani and Eric Kay of Quinn Emanuel Urquhart & Sullivan, LLP, cocounsel for the COFINA Senior Bondholders’ Coalition, intend to appear in person at the hearing 

on the DIP Motion in Courtroom 17C of the United States District Court for the Southern District 

of New York.

2. The COFINA Senior Bondholders’ Coalition does not intend to present argument 

on the DIP Motion but it reserves its right to be heard on the DIP Motion or any matter presented 

to the Court and to respond to any statements made by any party in connection with the abovecaptioned Title III cases to the extent it impacts COFINA or the interests of the COFINA Senior 

Bondholders’ Coalition.

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DATED: February 12, 2018

Respectfully submitted,

REICHARD & ESCALERA

By : /s/ Rafael Escalera___________

Rafael Escalera

USDC No. 122609

escalera@reichardescalera.com

/s/ Sylvia M. Arizmendi_______

Sylvia M. Arizmendi

USDC-PR 210714

arizmendis@reichardescalera.com 

 

/s/ Fernando Van Derdys_______

Fernando Van Derdys

USDC-PR 201913

fvander@reichardescalera.com 

/s/ Carlos R. Rivera-Ortiz_____

Carlos R. Rivera-Ortiz 

USDC-PR 303409

riverac@reichardescalera.com

/s/ Gustavo A. Pabón-Rico____

Gustavo A. Pabón-Rico

USDC-PR 231207

pabong@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

Eric Winston (pro hac vice)

ericwinston@quinnemanuel.com

Daniel Salinas

USDC-PR 224006

danielsalinas@quinnemanuel.com

Eric Kay (pro hac vice)

erickay@quinnemanuel.com

Kate Scherling (pro hac vice)

katescherling@quinnemanuel.com

Darren M. Goldman (pro hac vice)

brantkuehn@quinnemanuel.com

51 Madison Avenue, 22nd Floor

New York, New York 10010-1603

Co-Counsel to the COFINA Senior Bondholders’ Coalition

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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 303409

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