181009 - SCH ORD RE COFINA HRGS.DOCX VERSION OCTOBER 9, 2018 1

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

---------------------------------------------------------------x

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al.,

 Debtors.1

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PROMESA

Title III

No. 17 BK 3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

 as representative of 

THE PUERTO RICO SALES TAX FINANCING 

CORPORATION,

 Debtor. 

---------------------------------------------------------------x

PROMESA

Title III

No. 17 BK 3284-LTS

This Order relates to the 

Commonwealth and COFINA and 

shall be filed in Case Nos. 17 BK 

3283-LTS and 17 BK 3284-LTS.

 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); (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 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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ORDER GRANTING URGENT MOTION FOR 

ENTRY OF ORDER ESTABLISHING HEARING DATES TO 

(I) DETERMINE THE ADEQUACY OF INFORMATION IN THE 

COFINA DISCLOSURE STATEMENT, (II) APPROVE THE RULE 

9019 SETTLEMENT OF THE COMMONWEALTH-COFINA 

DISPUTE IN THE COMMONWEALTH TITLE III CASE

AND (III) CONFIRM THE COFINA PLAN OF ADJUSTMENT

Upon the Urgent Motion for Entry of Order Establishing Hearing Dates to (I) Determine 

the Adequacy of Information in the COFINA Disclosure Statement, (II) Approve the Rule 9019 

Settlement of the Commonwealth-COFINA Dispute in the Commonwealth Title III Case and (III) 

Confirm the COFINA Plan of Adjustment (the “Urgent Motion”);2 and the Court having found it 

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

appearing that venue is proper pursuant to PROMESA section 307(a); and the Court having found 

that the relief requested in the Urgent Motion is in the best interests of the Debtors, their creditors, 

and other parties in interest, it is HEREBY ORDERED THAT:

1. The Urgent Motion is granted as set forth herein.

2. A hearing to determine the adequacy of information in the COFINA Disclosure 

Statement shall be held on November 20, 2018, at 10:30 a.m. AST (9:30 a.m. ET) at the United 

States District Court for the Southern District of New York, Daniel Patrick Moynihan 

Courthouse, 500 Pearl Street, New York, NY 10007, Courtroom 17C or at a courtroom to be 

later determined. 

3. The hearing to (i) approve the Settlement Motion, and (ii) confirm the COFINA 

Plan shall be held on January 16, 2019, at 9:30 a.m. AST (8:30 a.m. ET) in San Juan, and 

continued, if necessary, on January 17, 2019 at 9:30 a.m. AST (8:30 a.m. ET) in San Juan at 

 2 Capitalized terms used but not otherwise defined herein have the meanings given to them in the 

Urgent Motion.

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the United States District Court for the District of Puerto Rico, Clemente Ruiz Nazario United 

States Courthouse, 150 Carlos Chardón Avenue, San Juan, P.R. 00918 at a courtroom to be 

later determined. 

4. The Debtors reserve the right to seek a rescheduling of the hearing dates established 

above subject to approval of this Court.

5. This Court retains exclusive jurisdiction with respect to all matters arising from or 

related to the implementation, interpretation, and enforcement of this Order.

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6. This Order resolves Docket Entry No. 4019 in Case No. 17 BK 3283-LTS and 

Docket Entry No. 301 in Case No. 17 BK 3284-LTS.

SO ORDERED.

Dated: October 9, 2018 /s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

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