USActive 41947666.4

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 

In re: 

The Financial Oversight and Management Board for 

Puerto Rico, 

as representative of 

The Puerto Rico Electric Power Authority, 

Debtor. 

PROMESA 

Title III 

No. 17 BK 04780-LTS 

Court Filing Relates Only to 

PREPA and Shall Only be Filed in 

Case No. 17 BK 4780-LTS

MOTION TO FILE UNDER SEAL 

To the Honorable United States District Judge Laura Taylor Swain: 

Assured Guaranty Corp. and Assured Guaranty Municipal Corp. (together, 

“Assured”) and Syncora Guarantee Inc. (“Syncora”) respectfully submit this motion to file under 

seal (“Motion to Seal”) and hereby state as follows: 

 

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 

(“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 (“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).

Case:17-03283-LTS Doc#:2495 Filed:02/13/18 Entered:02/13/18 20:50:46 Desc: Main

Document Page 1 of 4
USActive 41947666.4 -2- 

1. On February 1, 2018, Assured and Syncora filed a public redacted version 

of Objection of Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Syncora 

Guarantee Inc. to the Urgent Joint Motion of Financial Oversight and Management Board for 

Puerto Rico, and the Puerto Rico Fiscal Agency and Financial Advisory Authority for Entry of 

Interim and Final Orders (a) Authorizing Postpetition Secured Financing, (b) Granting Priming 

Liens and Providing Superpriority Administrative Expense Claims, (c) Modifying the Automatic 

Stay, (d) Scheduling a Final Hearing, and (e) Granting Related Relief (the “Objection”) (Case 

No. 17 BK 04780-LTS, ECF No. 585). The Objection contained redactions and Exhibit C to the 

Objection (ECF No. 585-3) was filed under seal. 

2. It is necessary to seal and restrict access to the unredacted version of the 

Objection and Exhibit C because they contain information provided to Assured and Syncora by 

the Financial Oversight and Management Board for Puerto Rico and the Puerto Rico Fiscal 

Agency and Financial Advisory Authority (the “Movants”) on a confidential basis. As such, 

Assured and Syncora respectfully request that the unredacted version of the Objection and 

Exhibit C be sealed. 

3. To prevent the unredacted version of the Objection and Exhibit C from 

being made part of the public record, Assured and Syncora respectfully request that this Court 

grant this Motion to Seal permitting the parties to make a restrictive filing of the Objection and 

Exhibit C. Assured and Syncora request that only this Court and the Movants have access to the 

Objection and Exhibit C unless and until Assured, Syncora, or the Movants inform the Court 

otherwise. 

4. For these reasons, Assured and Syncora respectfully request that this 

Honorable Court take notice of the above and enter an order, substantially in the form attached 

hereto as Exhibit A, granting leave to file the Objection and Exhibit C under seal. 

Case:17-03283-LTS Doc#:2495 Filed:02/13/18 Entered:02/13/18 20:50:46 Desc: Main

Document Page 2 of 4
USActive 41947666.4 -3- 

Dated: San Juan, Puerto Rico 

 February 13, 2018 

CASELLAS ALCOVER & BURGOS P.S.C. 

By: /s/ Heriberto Burgos Pérez 

Heriberto Burgos Pérez 

USDC-PR 204809 

Ricardo F. Casellas-Sánchez 

USDC-PR 203114 

Diana Pérez-Seda 

USDC-PR 232014 

P.O. Box 364924 

San Juan, PR 00936-4924 

Telephone: (787) 756-1400 

Facsimile: (787) 756-1401 

Email: hburgos@cabprlaw.com 

 rcasellas@cabprlaw.com 

 dperez@cabprlaw.com 

Attorneys for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. 

GOLDMAN ANTONETTI & CORDOVA, 

LLC 

s/ Carlos A. Rodríguez-Vidal______ 

CARLOS A. RODRÍGUEZ-VIDAL 

USDC-PR No. 201213 

E-mail: crodriguez-vidal@gaclaw.com 

s/ Solymar Castillo-Morales______ 

SOLYMAR CASTILLO-MORALES 

USDC-PR NO. 218310 

E-mail: scastillo@gaclaw.com 

P.O. Box 70364 

San Juan, PR 00936-8364 

Tel.: (787) 759-4117 

Fax: (787) 767-9177 

Counsel for Syncora Guarantee Inc. 

CADWALADER, WICKERSHAM & TAFT LLP 

By: /s/ Howard R. Hawkins, Jr. 

Howard R. Hawkins, Jr.* 

Mark C. Ellenberg* 

Ellen M. Halstead* 

Thomas J. Curtin* 

Casey J. Servais* 

200 Liberty Street 

New York, NY 10281 

Telephone: (212) 504-6000 

Facsimile: (212) 406-6666 

Email: howard.hawkins@cwt.com 

mark.ellenberg@cwt.com 

ellen.halstead@cwt.com 

thomas.curtin@cwt.com 

casey.servais@cwt.com 

* Admitted pro hac vice

Attorneys for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. 

DEBEVOISE & PLIMPTON LLP 

s/ My Chi To_____ 

MY CHI TO* 

CRAIG A. BRUENS* 

ELIE J. WORENKLEIN* 

919 Third Avenue 

New York, New York 10022 

Tel.: (212) 909-6000 

Fax: (212) 909-6836 

Email: mcto@debevoise.com 

cabruens@debevoise.com 

eworenklein@debevoise.com 

*admitted pro hac vice 

Counsel for Syncora Guarantee Inc. 

Case:17-03283-LTS Doc#:2495 Filed:02/13/18 Entered:02/13/18 20:50:46 Desc: Main

Document Page 3 of 4
USActive 41947666.4 -4- 

CERTIFICATE OF SERVICE 

I hereby certify that I filed this document electronically with the Clerk of the 

Court using the CM/ECF System, which will send notification of such filing to all parties of 

record in the captioned case. Further, I directed that the following counsel of record be served 

by U.S. Mail: 

Office of the United States Trustee for Region 21

Edificio Ochoa 

500 Tanca Street, Suite 301 

San Juan, PR 00901-1922 

Gerardo J. Portela Franco 

Puerto Rico Fiscal Agency and Financial 

Advisory Authority (AAFAF) 

De Diego Ave. Stop 22 

San Juan, Puerto Rico 00907 

John J. Rapisardi, Esq. 

O’Melveny & Myers LLP 

7 Times Square 

New York, New York 10036 

Andrés W. López, Esq. 

Law Offices of Andrés W. López 

902 Fernández Juncos Ave. 

San Juan, PR 00907 

Martin J. Bienenstock, Esq. 

Proskauer Rose LLP 

Eleven Times Square 

New York, New York 10036-8299 

Hermann D. Bauer, Esq. 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Suite 800 

San Juan, PR 00918-1813 

Nancy A. Mitchell, Esq. 

Greenberg Traurig LLP 

200 Park Avenue 

New York, New York 10166 

Arturo Diaz-Angueira, Esq. 

Cancio, Nadal, Rivera & Diaz, P.S.C. 

403 Muñoz Rivera Ave. 

San Juan (Hato Rey), PR 00918-3345 

Luc A. Despins, Esq. 

Paul Hastings LLP 

200 Park Avenue 

New York, New York 10166 

Juan. J. Casillas Ayala 

Casillas, Santiago & Torres LLC 

El Caribe Office Building 

53 Palmeras Street, Suite 1601 

San Juan, PR 00901-2419 

Robert Gordon, Esq. 

Jenner & Block LLP 

919 Third Avenue 

New York, New York 10022 

A.J. Bennazar-Zequeira 

Bennazar, Garcia & Milian, C.S.P. 

Edificio Union Plaza PH-A piso 18 Avenida 

Ponce de Leon #416 

Hato Rey, PR 00918 

At San Juan, Puerto Rico, this 13th day of February, 2018. 

/s/ Heriberto J. Burgos Pérez 

Heriberto J. Burgos Pérez 

USDC-PR 204806 

Case:17-03283-LTS Doc#:2495 Filed:02/13/18 Entered:02/13/18 20:50:46 Desc: Main

Document Page 4 of 4