180216 SCH ORD RE FIN MOT VERSION FEBRUARY 16, 2018 1 

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 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. 

PROMESA 

Title III 

Case No. 17 BK 4780-LTS 

Re: ECF Nos. 549, 722. 

Urgent Application Relates Only to 

PREPA and Shall Only Be Filed in 

Case No. 17 BK 4780-LTS 

ORDER GRANTING URGENT MOTION OF 

OVERSIGHT BOARD AND AAFAF TO SCHEDULE RESOLUTION OF 

OVERSIGHT BOARD AND AAFAF’S URGENT APPLICATION AND NOTICE OF 

REVISED PROPOSED $300 MILLION LOAN FROM COMMONWEALTH TO PREPA

Upon the Urgent Motion of Oversight Board and AAFAF to Schedule Resolution of the 

Oversight Board and AAFAF’s Urgent Application and Notice of Revised Proposed $300 Million 

 

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 The Debtors in the jointly-administered 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). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations). 

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180216 SCH ORD RE FIN MOT VERSION FEBRUARY 16, 2018 2 

Loan From Commonwealth to PREPA (the “Scheduling Motion”);2 and the Court having found it 

has subject matter jurisdiction over this matter pursuant to section 306(a) of PROMESA; and it 

appearing venue in this district is proper pursuant to section 307(a) of PROMESA; and the Court 

having found the Debtor provided adequate and appropriate notice of the Scheduling Motion under 

the circumstances and that no other or further notice is required; and upon the record herein, after 

due deliberation thereon, the Court having found that good and sufficient cause exists for the 

granting of the relief as set forth herein, 

IT IS HEREBY ORDERED THAT: 

1. The Scheduling Motion is GRANTED as set forth herein. 

2. The parties shall comply with the following briefing schedule and procedure in 

relation to the Oversight Board and AAFAF’s Urgent Application and Notice of Revised Proposed 

$300 Million Loan from Commonwealth to PREPA (the “Urgent Joint Application,” Docket Entry 

No. 722): 

a. Saturday, February 17, 2018, by 6 p.m. (EST): Parties must file any responses 

or objections (“Objections”) to the Revised Financing Documents; 

b. Sunday, February 18, 2018, by 2 p.m. (EST): Movants and any other party must 

file any replies to the Objections and any further revisions to the Financing 

Documents. 

c. Determination on Submissions: The Court shall determine the Urgent Joint 

Application on the submissions, without further hearing, unless one or more parties 

request a hearing and the Court schedules a hearing. 

 

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 Capitalized terms not otherwise defined herein shall have the meanings given to them in the Scheduling Motion.

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180216 SCH ORD RE FIN MOT VERSION FEBRUARY 16, 2018 3 

d. Hearing Date (if needed): If the Court determines to hold a hearing on the 

submissions, the hearing shall be held on Tuesday February 20, 2018 at 9:30 a.m. 

(Eastern Standard Time) (10:30 a.m. Atlantic Standard Time) in Courtroom 

17C of the United States District Court for the Southern District of New York, 

Daniel Patrick Moynihan Courthouse, 500 Pearl Street, New York, NY 10007 and 

by video teleconference in a Courtroom to be determined at the United States 

District Court for the District of Puerto Rico, 150 Carlos Chardón Street, Federal 

Building, San Juan, Puerto Rico 00918-1767. 

This Order resolves Docket Entry No. 727 in Case No. 17-4780 and Docket Entry 

No. 2531 in Case No. 17-3283. 

SO ORDERED. 

Dated: February 16, 2018 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN

 United States District Judge 

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