Objection Deadline: July 10, 2018 at 4:00 p.m. (AST) 

Hearing Date and Time: July 25, 2018 at 9:30 a.m. (AST) 

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.

Debtor. 

____________________________________________ 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO 

as representative of 

THE EMPLOYEES RETIREMENT SYSTEM OF THE 

GOVERNMENT OF THE COMMONWEALTH OF 

PUERTO RICO, 

Debtor. 

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PROMESA 

Title III 

Case No. 3:17-bk-03283 (LTS) 

PROMESA 

Title III 

Case No. 3:17-cv-01685 (LTS) 

Case No. 3:17-bk-03566 (LTS) 

 

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NOTICE OF THE FILING OF THE MOTION OF CERTAIN SECURED CREDITORS

OF THE EMPLOYEES RETIREMENT SYSTEM OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO 

FOR RELIEF FROM THE AUTOMATIC STAY 

 

Case:17-03283-LTS Doc#:3455 Filed:07/09/18 Entered:07/09/18 15:19:19 Desc: Main

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PLEASE TAKE NOTICE that on July 3, 2018 Movants1

 filed their Motion of Certain 

Secured Creditors of the Employees Retirement System of the Government of the Commonwealth 

of Puerto Rico for Relief from the Automatic Stay. See Case No. 3:17-BK-03283, Dkt. No. 3418; 

Case No. 3:17-BK-03566, Dkt. No. 289 (the “Motion”). 

PLEASE TAKE FURTHER NOTICE that any response or objections to the Motion 

must be in writing, must conform to the Federal Rules of Bankruptcy Procedure and the Fourth 

Amended Case Management Procedures [Dkt. No. 2839] (the “Case Management Procedures”), 

and must be filed with the Court (a) by registered users of the Court’s case filing system, 

electronically in accordance with Rule 5 of the Local Rules for the District of Puerto Rico, and (b) 

by all other parties in interest, on CDROM, in text-searchable portable document format (PDF), 

and served on the Standard Parties, as defined in Section II.A. of the Case Management Procedures, 

so as to be received no later than July 10, 2018, at 4:00 p.m. (Atlantic Standard Time). 

PLEASE TAKE NOTICE that the date of the hearing at which the Motion shall be 

considered by the Court is July 25, 2018 at 9:30 a.m. (Atlantic Standard Time) at the Clemente 

Ruiz Nazario United States Courthouse, at 150 Carlos Chardon Avenue, San Juan, Puerto Rico. 

 1

 Movants include Altair Global Credit Opportunities Fund (A), LLC, Andalusian Global 

Designated Activity Company, Glendon Opportunities Fund, L.P., Mason Capital Management, 

LLC, Nokota Capital Master Fund, L.P., Oaktree-Forrest Multi- Strategy, LLC (Series B), Oaktree 

Opportunities Fund IX, L.P., Oaktree Opportunities Fund IX (Parallel 2), L.P., Oaktree Value 

Opportunities Fund, L.P., Ocher Rose, L.L.C., SV Credit, L.P., Puerto Rico AAA Portfolio Bond 

Fund, Inc., Puerto Rico AAA Portfolio Bond Fund II, Inc., Puerto Rico AAA Portfolio Target 

Maturity Fund, Inc., Puerto Rico Fixed Income Fund, Inc., Puerto Rico Fixed Income Fund II, Inc., 

Puerto Rico Fixed Income Fund III, Inc., Puerto Rico Fixed Income Fund IV, Inc., Puerto Rico 

Fixed Income Fund V, Inc., Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc., 

Puerto Rico Investors Bond Fund I, Puerto Rico Investors Tax-Free Fund, Inc., Puerto Rico 

Investors Tax-Free Fund, Inc. II, Puerto Rico Investors Tax-Free Fund III, Inc., Puerto Rico 

Investors Tax-Free Fund IV, Inc., Puerto Rico Investors Tax-Free Fund V, Inc., Puerto Rico 

Investors Tax- Free Fund VI, Inc., Puerto Rico Mortgage-Backed & U.S. Government Securities 

Fund, Inc., Tax-Free Puerto Rico Fund, Inc., Tax-Free Puerto Rico Fund II, Inc., and Tax-Free 

Puerto Rico Target Maturity Fund, Inc. 

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PLEASE TAKE NOTICE that the relief requested in the Motion may be granted by the 

Court without a hearing if no objection is timely filed and served in accordance with the Court’s 

Case Management Procedures. 

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 notify the attorneys of record. 

[Remainder of Page Intentionally Left Blank] 

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In San Juan, Puerto Rico, today July 9, 2018. 

By: 

/s/ Alfredo Fernández-Martínez ___ /s/ Bruce Bennett_____________ 

Alfredo Fernández-Martínez

DELGADO & FERNÁNDEZ, LLC

PO Box 11750 

Fernández Juncos Station 

San Juan, Puerto Rico 00910-1750 

Tel. (787) 274-1414 

Fax: (787) 764-8241 

afernandez@delgadofernandez.com

USDC-PR 210511 

Counsel for ERS Bondholders Altair Global 

Credit Opportunities Fund (A), LLC, 

Andalusian Global Designated Activity 

Company, Glendon Opportunities Fund, 

L.P., Mason Capital Management, LLC, 

Nokota Capital Master Fund, L.P., OaktreeForrest Multi- Strategy, LLC (Series B), 

Oaktree Opportunities Fund IX, L.P., 

Oaktree Opportunities Fund IX (Parallel 2), 

L.P., Oaktree Value Opportunities Fund, 

L.P., Ocher Rose, L.L.C., and SV Credit, 

L.P.

Bruce Bennett (pro hac vice) 

JONES DAY 

555 South Flower Street 

Fiftieth Floor 

Los Angeles, California 90071 

Tel. (213) 489-3939 

Fax: (213) 243-2539 

bbennett@jonesday.com 

Benjamin Rosenblum (pro hac vice) 

James M. Gross (pro hac vice) 

JONES DAY 

250 Vesey Street 

New York, NY 10281 

Tel. (212) 326-3939 

Fax: (212) 755-7306 

brosenblum@jonesday.com 

jgross@jonesday.com 

Geoffrey S. Stewart (pro hac vice) 

Beth Heifetz (pro hac vice) 

Christopher J. DiPompeo (pro hac vice) 

Sparkle L. Sooknanan (pro hac vice) 

JONES DAY 

51 Louisiana Ave. N.W. 

Washington, DC 20001 

Tel. (202) 879-3939 

Fax: (202) 626-1700 

gstewart@jonesday.com

bheifetz@jonesday.com 

cdipompeo@jonesday.com 

ssooknanan@jonesday.com 

Counsel for ERS Bondholders Altair Global 

Credit Opportunities Fund (A), LLC, 

Andalusian Global Designated Activity 

Company, Glendon Opportunities Fund, L.P., 

Mason Capital Management, LLC, Nokota 

Capital Master Fund, L.P., Oaktree-Forrest 

Multi- Strategy, LLC (Series B), Oaktree

Opportunities Fund IX, L.P., Oaktree

Opportunities Fund IX (Parallel 2), L.P.,

Oaktree Value Opportunities Fund, L.P.,

Ocher Rose, L.L.C., and SV Credit, L.P.

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/s/ Alicia I. Lavergne-Ramírez /s/ John K. Cunningham 

José C. Sánchez-Castro

USDC-PR 213312 

jsanchez@sanpir.com 

Alicia I. Lavergne-Ramírez

USDC-PR 215112 

alavergne@sanpir.com 

Maraliz Vázquez-Marrero

USDC-PR 225504 

mvazquez@sanpir.com 

SÁNCHEZ PIRILLO LLC 

270 Muñoz Rivera Avenue, Suite 1110 

San Juan, PR 00918 

Tel. (787) 522-6776 

Fax: (787) 522-6777 

Counsel for Puerto Rico AAA Portfolio

Bond Fund, Inc., Puerto Rico AAA

Portfolio Bond Fund II, Inc., Puerto Rico

AAA Portfolio Target Maturity Fund, Inc.,

Puerto Rico Fixed Income Fund, Inc.,

Puerto Rico Fixed Income Fund II, Inc.,

Puerto Rico Fixed Income Fund III, Inc.,

Puerto Rico Fixed Income Fund IV, Inc.,

Puerto Rico Fixed Income Fund V, Inc.,

Puerto Rico GNMA & U.S. Government

Target Maturity Fund, Inc., Puerto Rico

Investors Bond Fund I, Puerto Rico

Investors Tax-Free Fund, Inc., Puerto

Rico Investors Tax-Free Fund, Inc. II,

Puerto Rico Investors Tax-Free Fund III, 

Inc., Puerto Rico Investors Tax-Free Fund

IV, Inc., Puerto Rico Investors Tax-Free

Fund V, Inc., Puerto Rico Investors TaxFree Fund VI, Inc., Puerto Rico

Mortgage-Backed & U.S. Government

Securities Fund, Inc., Tax-Free Puerto

Rico Fund, Inc., Tax-Free Puerto Rico

Fund II, Inc., and Tax-Free Puerto Rico

Target Maturity Fund, Inc.

John K. Cunningham (pro hac vice) 

Glenn M. Kurtz (pro hac vice) 

WHITE & CASE LLP 

1221 Avenue of the Americas

New York, NY 10036 

Tel. (212) 819-8200 

Fax (212) 354-8113 

jcunningham@whitecase.com 

gkurtz@whitecase.com

Jason N. Zakia (pro hac vice) 

Cheryl T. Sloane (pro hac vice) 

WHITE & CASE LLP 

200 S. Biscayne Blvd., Suite 4900 

Miami, FL 33131 

Tel. (305) 371-2700 

Fax (305) 358-5744 

jzakia@whitecase.com 

csloane@whitecase.com 

Counsel for Puerto Rico AAA Portfolio

Bond Fund, Inc., Puerto Rico AAA

Portfolio Bond Fund II, Inc., Puerto Rico

AAA Portfolio Target Maturity Fund, Inc.,

Puerto Rico Fixed Income Fund, Inc.,

Puerto Rico Fixed Income Fund II, Inc.,

Puerto Rico Fixed Income Fund III, Inc.,

Puerto Rico Fixed Income Fund IV, Inc.,

Puerto Rico Fixed Income Fund V, Inc.,

Puerto Rico GNMA & U.S. Government

Target Maturity Fund, Inc., Puerto Rico

Investors Bond Fund I, Puerto Rico

Investors Tax-Free Fund, Inc., Puerto

Rico Investors Tax-Free Fund, Inc. II,

Puerto Rico Investors Tax-Free Fund III, 

Inc., Puerto Rico Investors Tax-Free Fund

IV, Inc., Puerto Rico Investors Tax-Free

Fund V, Inc., Puerto Rico Investors TaxFree Fund VI, Inc., Puerto Rico

Mortgage-Backed & U.S. Government

Securities Fund, Inc., Tax-Free Puerto

Rico Fund, Inc., Tax-Free Puerto Rico

Fund II, Inc., and Tax-Free Puerto Rico

Target Maturity Fund, Inc. 

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