03261-00006/14113532.1

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).

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THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as representative of

THE PUERTO RICO ELECTRIC POWER AUTHORITY,

Plaintiff/Counterclaim-Defendant,

PUERTO RICO FISCAL AGENCY AND FINANCIAL 

ADVISORY AUTHORITY, THE OFFICIAL COMMITTEE 

OF UNSECURED CREDITORS OF ALL TITLE III 

DEBTORS, CORTLAND CAPITAL MARKET SERVICES, 

SOLA LTD., SOLUS OPPORTUNITIES FUND 5 LP, 

ULTRA MASTER LTD, ULTRA NB LLC, UNION DE 

TRABAJADORES DE LA INDUSTRIA ELECTRICA Y 

RIEGO INC., AND SISTEMA DE RETIRO DE LOS 

EMPLEADOS DE LA AUTORIDAD DE ENERGIA 

ELECTRICA,

Intervenor-Plaintiffs,

v.

U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE,

Defendant/Counterclaim-Plaintiff,

THE AD HOC GROUP OF PREPA BONDHOLDERS, 

ASSURED GUARANTY CORP., ASSURED GUARANTY 

MUNICIPAL CORP., NATIONAL PUBLIC FINANCE 

GUARANTEE CORPORATION, AND SYNCORA 

GUARANTEE, INC.,

Intervenor-Defendants/CounterclaimPlaintiffs.

PROMESA Title III

Adv. Proc. No. 19-391-LTS

INFORMATIVE MOTION OF SYNCORA GUARANTEE, INC.

REGARDING ITS REQUEST TO BE HEARD AT THE 

JUNE 6-8, 2023 URGENT CLAIM ESTIMATION HEARING

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

1. Syncora Guarantee, Inc. (“Syncora”) submits this informative motion in response 

to the Court’s Order Regarding Procedures for the June 6-8, 2023 Claim Estimation Hearing (the 

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03261-00006/14113532.1 3

“Order”) (ECF No. 24361 in Case No. 17-3283-LTS; ECF No. 3559 in Case No. 17-4780-LTS; 

ECF No. 238 in Adv. Proc. No. 19-391-LTS)

2

and respectfully states as follows: 

2. Daniel Salinas, Eric Kay and Kate Scherling of Quinn Emanuel Urquhart & 

Sullivan, LLP, and Rafael Escalera of Reichard & Escalara LLC, co-counsel for Syncora, will each 

appear in person in the New York Courtroom.

3. Counsel intends to be heard on any matter raised by or presented to the Court at the 

Hearing, and to respond to any statements made by any party related to the above-captioned Title 

III cases, or any adversary proceeding pending in the Title III cases, to the extent it impacts the 

rights, claims, or interests of Syncora. Counsel also reserves the right cross-examine any expert 

witness who has submitted a declaration in this matter.

4. The required Party Appearance Sheet accompanies this Informative Motion as 

Exhibit A.

5. The required Party Exhibit Cover Sheet accompanies this Informative Motion as 

Exhibit B.

6. The required Party Witness Cover Sheet accompanies this Informative Motion as 

Exhibit C.

2

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

Order.

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DATED: June 2, 2023

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

Kate Scherling (pro hac vice)

katescherling@quinnemanuel.com

51 Madison Avenue, 22nd Floor

New York, New York 10010-1603

Co-Counsel for Syncora Guarantee, Inc.

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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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EXHIBIT A

PARTY APPEARANCE SHEET

Name of Party Syncora Guarantee, Inc.

Attorney 1 Appearance Method In Person/New York Courtroom

Name Daniel Salinas

Email danielsalinas@quinnemanuel.com

Law Firm Quinn Emanuel Urquhart & Sullivan, LLP

Phone Number 202-905-4668

Docket Entry No. of 

Notice of Appearance

Dkt. No. 22609 in Case No. 17-3283-LTS

Zoom Screen Name N/A

Attorney 2 Appearance Method In Person/New York Courtroom

Name Eric Kay

Email erickay@quinnemanuel.com

Law Firm Quinn Emanuel Urquhart & Sullivan, LLP

Phone Number 212-849-7273

Docket Entry No. of 

Notice of Appearance

Dkt. No. 22609 in Case No. 17-3283-LTS

Zoom Screen Name N/A

Attorney 3 Appearance Method In Person/New York Courtroom

Name Kate Scherling

Email katescherling@quinnemanuel.com

Law Firm Quinn Emanuel Urquhart & Sullivan, LLP

Phone Number 212-849-7178

Docket Entry No. of 

Notice of Appearance

Dkt. No. 22609 in Case No. 17-3283-LTS

Zoom Screen Name N/A

Attorney 4 Appearance Method In Person/New York Courtroom

Name Rafael Escalera

Email escalera@reichardescalera.com

Law Firm Reichard & Escalera LLC

Phone Number 787-777-8877

Docket Entry No. of 

Notice of Appearance

Dkt. No. 22609 in Case No. 17-3283-LTS

Zoom Screen Name N/A

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EXHIBIT B

PARTY EXHIBIT COVER SHEET3

3

 Syncora joins in and incorporates by reference the list of exhibits filed by Kramer Levin 

Naftalis & Frankel LLP, counsel to the Ad Hoc Group of Bondholders, as Exhibit B to its 

informative motion.

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EXHIBIT C

PARTY WITNESS COVER SHEET4

4

 Syncora joins in and incorporates by reference the list of witnesses filed by Kramer 

Levin Naftalis & Frankel LLP, counsel to the Ad Hoc Group of Bondholders, as Exhibit C to its 

informative motion.

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