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)

NOTICE OF CONSENSUAL EXTENSION OF OBJECTION 

DEADLINE REGARDING MOTION OF DEBTORS FOR ORDER 

APPROVING PROCEDURE TO RESOLVE COMMONWEALTH-COFINA DISPUTE 

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

The Commonwealth of Puerto Rico (the “Commonwealth”) and the Puerto Rico Sales 

Tax Financing Corporation (“COFINA,” and together with the Commonwealth, the “Debtors”), 

by and through the Financial Oversight and Management Board for Puerto Rico, as the Debtors’

representative pursuant to section 315(b) of the Puerto Rico Oversight, Management, and 

Economic Stability Act, respectfully file this notice of their consent to the extension of the 

deadline for certain parties in interest (the “Extension Parties”)2to file an objection to the Motion 

 

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); and (ii) Puerto Rico Sales Tax Financing Corporation (“COFINA”) (Bankruptcy Case 

No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 8474). 

2

The Extension Parties are as follows: (a) Assured Guaranty Corp. and Assured Guaranty 

Municipal Corp.; (b) the QTCB Noteholder Group, as defined in Notice of Appearance [Docket 

No. 134]; and (c) certain members of the Ad Hoc Group of General Obligation Bondholders 

Case:17-03283-LTS Doc#:361 Filed:06/16/17 Entered:06/16/17 14:14:09 Desc: Main

Document Page 1 of 3
of Debtors for Order Approving Procedure to Resolve Commonwealth-COFINA Dispute (the 

“Motion”) [D.I. 303]. The original deadline to object to the Motion pursuant to ¶¶ III.I and III.T 

of this Court’s First Amended Notice, Case Management and Administrative Procedures [D.I. 

262-1] (the “Case Management Procedures”) is Friday, June 16, 2017 at 4:00 p.m. (Prevailing 

Eastern Time). The Debtors have agreed to extend the deadline for the Extension Parties to file 

an objection to the Motion to 4:00 p.m. (Prevailing Eastern Time) on Wednesday, June 21, 2017. 

See Case Management Procedures, at ¶ III.I (providing that the deadline to file an objection to 

any pleading “may be extended with the consent of the movant or applicant,” provided that the 

“movant shall provide notice of the extension to Chambers”). 

 

(certain funds or entities managed or advised by Aurelius Capital Management, LP, Autonomy 

Capital (Jersey) LP, FCO Advisors LP, Monarch Alternative Capital LP, Senator Investment 

Group LP, and Stone Lion L.P.).

Case:17-03283-LTS Doc#:361 Filed:06/16/17 Entered:06/16/17 14:14:09 Desc: Main

Document Page 2 of 3
Dated: June 16, 2017

San Juan, Puerto Rico

Respectfully submitted,

/s/ Martin J. Bienenstock

Martin J. Bienenstock

Paul V. Possinger

Ehud Barak

Maja Zerjal

(Admitted 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 Debtors

/s/ Hermann D. Bauer

Hermann D. Bauer

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 Debtors

Case:17-03283-LTS Doc#:361 Filed:06/16/17 Entered:06/16/17 14:14:09 Desc: Main

Document Page 3 of 3