Hearing Date: February 15, 2018 at 10:30 AST

UNITED STATES DISTRICT COURT

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)

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of 

PUERTO RICO ELECTRIC POWER AUTHORITY,

 Debtor.

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

PROMESA

Title III

No. 17 BK 4780-LTS

Court Filing Relates Only to PREPA 

and Shall Only be Filed in Case No. 

17-BK-4780 (LTS) 

NOTICE OF FILING OF REVISED PROPOSED ORDER 

(A) AUTHORIZING DEBTOR PUERTO RICO ELECTRIC

POWER AUTHORITY TO OBTAIN POSTPETITION 

SECURED FINANCING, (B) GRANTING PRIMING LIENS AND 

PROVIDING SUPERPRIORITY ADMINISTRATIVE EXPENSE CLAIMS,

(C) MODIFYING THE AUTOMATIC STAY, AND (D) GRANTING RELATED RELIEF

PLEASE TAKE NOTICE THAT on February 14, 2018 the Court entered an order [Case 

No. 3283, ECF No. 2509] (the “Joint Statement Order”) directing the Puerto Rico Electric Power 

Authority (“PREPA” or the “Debtor”), by and through the Financial Oversight and Management 

 

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); (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).

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Board for Puerto Rico, as the Debtor’s representative pursuant to section 315(b) of the Puerto Rico 

Oversight, Management, and Economic Stability Act,

2

to state whether there are any material 

changes to the most recently filed proposed final financing order, filed on February 6, 2018 [Case 

No. 17-3283, ECF No. 2422; Case No. 17-4780, ECF No. 640]. 

PLEASE TAKE FURTHER NOTICE that in accordance with the Joint Statement Order, 

attached hereto as Exhibit A is a revised proposed final order (the “Revised Proposed Final 

Order”) that PREPA will seek the entry of at the hearing scheduled for February 15, 2018, which 

reflects non-material changes made to accommodate requests of certain creditors. Attached hereto 

as Exhibit B is a redline of the Revised Proposed Final Order to the most recently filed proposed 

final financing order filed on February 6, 2018.

Dated: February 14, 2018

San Juan, Puerto Rico

Respectfully submitted,

/s/ Martin J. Bienenstock

Martin J. Bienenstock (pro hac vice)

Paul V. Possinger (pro hac vice)

Ehud Barak (pro hac vice)

Maja Zerjal (pro hac vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtor

THE PUERTO RICO FISCAL AGENCY 

AND FINANCIAL ADVISORY 

AUTHORITY, as Fiscal agent for PREPA

 

2 PROMESA is codified at 48 U.S.C. §§ 2101-2241.

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/s/ Hermann D. Bauer 

Hermann D. Bauer

USDC No. 215205

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Co-Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtor

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