UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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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

Case No. 17 BK 3283-LTS

(Jointly Administered)

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In re:

The Financial Oversight and Management Board for 

Puerto Rico, 

as representative of

The Puerto Rico Electric Power Authority 

(“PREPA”), et al.

Debtor.

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PROMESA

Title III

Case No. 17 BK 4780-LTS

Court Filing Relates to PREPA Only

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INFORMATIVE MOTION OF SOLUS ALTERNATIVE ASSET MANAGEMENT LP 

PURSUANT TO ORDER REGARDING

FEBRUARY 15, 2018 OMNIBUS HEARING

To the Honorable United States District Judge Laura Taylor Swain:

Solus Alternative Asset Management LP, on behalf of certain funds advised by it (“Solus”) 

that are fuel line lenders to the Puerto Rico Electric Power Authority (“PREPA”), through the 

 

1 The Debtors in these title III cases, along with each Debtor’s respective Title III case number listed as a 

bankruptcy case number due to software limitations 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).

Case:17-03283-LTS Doc#:2469 Filed:02/12/18 Entered:02/12/18 11:56:27 Desc: Main

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undersigned counsel, hereby submits this informative motion in response to this Court’s Order 

Regarding the Location and Procedures for Attendance, Participation and Observation of 

February 15, 2018, final Hearing on PREPA Financing Motion (the “Hearing”) [Case No. 17 BK 

4780-LTS, Docket No. 658] dated February 9, 2018 (the “Scheduling Order”), and respectfully 

states as follows:

1. The undersigned, Sandy Qusba and Nicholas Baker of Simpson Thacher & Bartlett 

LLP, intend to appear in person at the Hearing in Courtroom 17C of the United States District 

Court for the Southern District of New York, Daniel Patrick Moynihan Courthouse, 500 Pearl 

Street, New York, NY 10017 on behalf of Solus regarding the following matter:

a. Urgent Joint Motion of the 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 

[Case No. 17 BK 4780-LTS; Docket No. 549]; and

b. Omnibus Oversight Board Reply to Responses to Urgent Joint Motion of 

Financial Oversight and Management Board for Puerto Rico, as Title III 

PREPA Representative, and 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 

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Stay, (D) Scheduling a Final Hearing, and (E) Granting Related Relief 

[Case No. 17 BK 4780-LTS; Docket No. 617].

2. The undersigned also intends to appear to respond to any arguments raised in 

connection with the above-referenced motion, any issues raised with respect to PREPA that 

implicate Solus as a fuel line lender or any other statements made by any party in connection with 

the above-captioned jointly administered Title III cases.

Dated: February 12, 2018 Respectfully submitted,

 

ANTONETTI MONTALVO & RAMIREZ COLL

P.O. Box 13128

San Juan, PR 00908

Tel: (787) 977-0303

Fax: (787) 977-0323

s/ Jose L. Ramirez-Coll

Jose L. Ramirez-Coll

USDC-PR No. 221702

jramirez@amrclaw.com

SIMPSON THACHER & BARTLETT LLP

425 Lexington Avenue

New York, New York 10017-3954

Tel: (212) 455-2000

Fax: (212) 455-2502

s/ Sandy Qusba

Sandy Qusba (admitted pro hac vice)

Nicholas Baker (admitted pro hac vice)

squsba@stblaw.com

nbaker@stblaw.com 

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