230713 ORD RE COBRA INFO MOT VERSION JULY 13, 2023 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

ORDER CONCERNING INFORMATIVE MOTION OF COBRA ACQUISITIONS LLC IN CONNECTION 

WITH THE ORDER REGARDING COBRA ACQUISITIONS LLC’S MOTION TO MODIFY STAY ORDER 

The Court has received and reviewed the Informative Motion of Cobra 

Acquisitions LLC in Connection with the Order Regarding Cobra Acquisitions LLC’s Motion to 

Modify Stay Order (Docket Entry No. 24717 in Case No. 17-3283 and Docket Entry No. 3834 in 

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-BK3283-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).

Case:17-03283-LTS Doc#:24729 Filed:07/13/23 Entered:07/13/23 12:59:25 Desc: Main

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230713 ORD RE COBRA INFO MOT VERSION JULY 13, 2023 2

Case No. 17-4780) (the “Cobra Informative Motion”), filed by Cobra Acquisitions LLC

(“Cobra”).

The Financial Oversight and Management Board for Puerto Rico, the Puerto Rico 

Electric Power Authority (“PREPA”), and the Puerto Rico Fiscal Agency and Financial 

Advisory Authority (collectively, the “Government Parties”) are hereby directed to file an 

informative motion responding to the Cobra Informative Motion by 4:00 p.m. (Atlantic 

Standard Time) on July 21, 2023. The Government Parties’ informative motion must (i) 

address the statements in the Cobra Informative Motion concerning the status of the review of 

the invoices that are the subject of the Informative Motion of the Financial Oversight and 

Management Board for Puerto Rico, Puerto Rico Electric Power Authority, and Puerto Rico 

Fiscal Agency and Financial Advisory Authority Relating to Order Regarding Cobra 

Acquisitions LLC’s Motion to Modify Stay Order (Docket Entry No. 3754 in Case No. 17-4780)

(the “June 14 Informative Motion”), (ii) explain the process applicable to PREPA’s review of the 

invoices to the extent material remaining steps in that process were not described in the June 14 

Informative Motion, and (iii) explain whether and how PREPA will meet the Expected 

Timeframe to Conclude Validation Process set forth in the June 14 Informative Motion.

SO ORDERED.

Dated: July 13, 2023

 /s/ Laura Taylor Swain 

LAURA TAYLOR SWAIN 

United States District Judge

Case:17-03283-LTS Doc#:24729 Filed:07/13/23 Entered:07/13/23 12:59:25 Desc: Main

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