40599168.v1

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

PUERTO RICO ELECTRIC POWER AUTHORITY

(“PREPA”),

Debtor.

PROMESA

Title III

No. 17-BK-4780-LTS

INFORMATIVE MOTION OF

FINANCIAL GUARANTY INSURANCE COMPANY FOR APPEARANCE

AT FEBRUARY 15, 2018, FINAL HEARING ON PREPA FINANCING MOTION

To the Honorable United States Judge Laura Taylor Swain:

Financial Guaranty Insurance Company (“FGIC”), by and through its attorneys, Rexach

& Picó, CSP and Butler Snow LLP, files this Informative Motion of Financial Guaranty

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 (i) the Commonwealth of Puerto Rico ( “Commonwealth”)

(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 (“PRHTA”) (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); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy

Case No. 17 BK 04780-LTS) (Last Four Digits of Federal Tax ID: 3747) (Title III case numbers are listed as

Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:2450 Filed:02/09/18 Entered:02/09/18 18:00:18 Desc: Main

Document Page 1 of 4
2

Insurance Company for Appearance at February 15, 2018, Final Hearing on PREPA Financing

Motion.

2

In support of the Motion, FGIC respectfully states as follows:

1. Martin A. Sosland intends to appear on behalf of FGIC at the final hearing on the

Financing Motion on February 15, 2018, 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.

2. María E. Picó intends to appear by video teleconference on behalf of FGIC at the

final hearing on the Financing Motion on February 15, 2018, 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.

3. Further, Martin A. Sosland and María E. Picó do not intend to present argument at

the final hearing on the Financing Motion. FGIC reserves the right to respond to, as appropriate,

any statements made by any party in connection with the Financing Motion, the above-captioned

Title III cases or any adversary proceedings currently pending in the above-captioned Title III

cases.

Dated: February 9, 2018.

Respectfully submitted,

REXACH & PICÓ, CSP

By: /s/ María E. Picó

María E. Picó, USDC-PR 123214

802 Ave. Fernández Juncos

San Juan PR 00907-4315

Telephone: (787) 723-8520

Facsimile: (787) 724-7844

2 All capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms as in the

Order Regarding the Location and Procedures for Attendance, Participation and Observation of the February 15,

2018, Final Hearing on PREPA Financing Motion [Dkt. # 2448].

Case:17-03283-LTS Doc#:2450 Filed:02/09/18 Entered:02/09/18 18:00:18 Desc: Main

Document Page 2 of 4
3

E-mail: mpico@rexachpico.com

BUTLER SNOW LLP

By: /s/ Martin A. Sosland

Martin A. Sosland (pro hac vice)

5430 LBJ Freeway, Suite 1200

Dallas, TX 75240

Telephone: (469) 680-5502

Facsimile: (469) 680-5501

E-mail: martin.sosland@butlersnow.com

Stanford G. Ladner (pro hac vice)

1700 Broadway, 41st Floor

New York, NY 10019

Telephone: (646) 606-3996

Facsimile: (646) 606-3995

E-mail: stan.ladner@butlersnow.com

Christopher R. Maddux (pro hac vice)

J. Mitchell Carrington (pro hac vice)

1020 Highland Colony Parkway, Suite 1400

Ridgeland, MS 39157

Telephone: (601) 985-2200

Facsimile: (601) 985-4500

E-mail: chris.maddux@butlersnow.com

mitch.carrington@butlersnow.com

Jason W. Callen (pro hac vice)

150 3rd Avenue, South, Suite 1600

Nashville, TN 37201

Telephone: (615) 651-6774

Facsimile: (615) 651-6701

E-mail: jason.callen@butlersnow.com

Attorneys for Financial Guaranty Insurance

Company

Case:17-03283-LTS Doc#:2450 Filed:02/09/18 Entered:02/09/18 18:00:18 Desc: Main

Document Page 3 of 4
4

CERTIFICATE OF SERVICE

I HEREBY CERTIFY, that I electronically filed the foregoing with the Clerk of the

Court using the CM/ECF system, which will notify case participants.

Dated: February 9, 2018.

Respectfully submitted,

By: /s/ Martin A. Sosland

Martin A. Sosland

Attorney for Financial Guaranty Insurance

Company

40599168.v1

Case:17-03283-LTS Doc#:2450 Filed:02/09/18 Entered:02/09/18 18:00:18 Desc: Main

Document Page 4 of 4