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)

AMBAC ASSURANCE CORPORATION’S INFORMATIVE MOTION REGARDING 

MARCH 7-8, 2018 OMNIBUS HEARING

Ambac Assurance Corporation (“Ambac”) hereby submits this amended 

informative motion in compliance with the Order Regarding Procedures for Attendance, 

Participation and Observation of March 7-8, 2018, Omnibus Hearing [Dkt. No. 2591], and

respectfully states as follows:

1. Dennis Dunne and Atara Miller of Milbank, Tweed, Hadley & McCloy LLP

will appear in person on behalf of Ambac at the March 7-8, 2018 omnibus hearing in Courtroom 

#3 of the United States District Court for the District of Puerto Rico, 150 Carlos Chardón Street, 

Federal Building, San Juan, Puerto Rico 00918-1767. 

2. Mr. Dunne and Ms. Miller intend to speak on issues related to the Motion 

of the PBA Funds for the Payment of Rent [Dkt. No. 2501] and the Motion for Entry of Third Order 

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 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 (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); and (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).

 

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Extending Time to Assume or Reject Unexpired Leases of Nonresidential Real Property Under 

Which the Puerto Rico Public Building Authority is the Lessor Pursuant to Bankruptcy Code 

Section 365(d)(4) [Dkt. No. 2494].

WHEREFORE, Ambac respectfully requests that the Court take notice of the 

foregoing.

Dated: March 1, 2018

 San Juan, Puerto Rico

FERRAIUOLI LLC

By: /s/ Roberto Cámara-Fuertes 

Roberto Cámara-Fuertes (USDC-PR No. 

219002)

Sonia Colón (USDC-PR No. 213809)

221 Ponce de León Avenue, 5th Floor

San Juan, PR 00917

Telephone: (787) 766-7000

Facsimile: (787) 766-7001

Email: rcamara@ferraiuoli.com

 scolon@ferraiuoli.com

MILBANK, TWEED, HADLEY & MCCLOY LLP

By: /s/ Dennis F. Dunne 

Dennis F. Dunne 

Andrew M. Leblanc

Atara Miller

Grant R. Mainland

(admitted pro hac vice)

28 Liberty Street

New York, NY 10005

Telephone: (212) 530-5000

Facsimile: (212) 530-5219

Email: ddunne@milbank.com

 aleblanc@milbank.com

 amiller@milbank.com

 gmainland@milbank.com

Attorneys for Ambac Assurance Corporation

2

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CERTIFICATE OF SERVICE

I hereby certify that, on this same date, I electronically filed the foregoing with the 

Clerk of the Court using the CM/ECF system, which will send notifications of such filing to all 

CM/ECF participants in this case. 

/s/ Roberto Cámara-Fuertes 

Roberto Cámara-Fuertes (USDC-PR No. 219002)

221 Ponce de León Avenue, 5th Floor

San Juan, PR 00917

Telephone: (787) 766-7000

Facsimile: (787) 766-7001

Email: rcamara@ferraiuoli.com

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