230615 ORD RE EXTENDING CERTAIN DEADLINES VERSION JUNE 15, 2023 1

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

Case No. 17 BK 3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

PUERTO RICO ELECTRIC POWER AUTHORITY,

Debtor.

PROMESA

Title III

Case No. 17 BK 4780-LTS

ORDER GRANTING IN PART AND DENYING IN PART JOINT URGENT MOTION 

OF THE AD HOC GROUP OF PREPA BONDHOLDERS, ASSURED GUARANTY CORP.,

ASSURED GUARANTY MUNICIPAL CORP., SYNCORA GUARANTEE, INC., AND U.S. BANK 

NATIONAL ASSOCIATION AS PREPA BOND TRUSTEE AND THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO TO EXTEND CERTAIN CONFIRMATION DEADLINES

 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-BK3283-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); (v) Puerto Rico Electric Power Authority 

(“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four Digits of Federal Tax 

ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case 

No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case 

numbers are listed as Bankruptcy Case numbers due to software limitations).

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230615 ORD RE EXTENDING CERTAIN DEADLINES VERSION JUNE 15, 2023 2

The Court has received the Joint Urgent Motion of the Ad Hoc Group of PREPA 

Bondholders, Assured Guaranty Corp., Assured Guaranty Municipal Corp., Syncora Guarantee, 

Inc., and U.S. Bank National Association as PREPA Bond Trustee and the Financial Oversight 

and Management Board for Puerto Rico to Extend Certain Confirmation Deadlines (Docket 

Entry No. 24573 in Case No. 17-3283 and Docket Entry No. 3747 in Case No. 17-4780) (the 

“Urgent Motion”), filed by the Ad Hoc Group of PREPA Bondholders, U.S. Bank National 

Association in its capacity as the trustee for PREPA bonds, Assured Guaranty Corp. and Assured 

Guaranty Municipal Corp., and Syncora Guarantee Inc., and the Financial Oversight and 

Management Board for Puerto Rico (collectively, the “Movants”). Movants seek to extend 

certain deadlines in connection with the Third Amended and Restated Order Establishing, 

Among Other Things, Procedures and Deadlines Concerning Objections to Confirmation and 

Discovery in Connection Therewith (Docket Entry No. 3565 in Case No. 17-4780) (the 

“Confirmation Scheduling Order”). 

Accordingly, the Court having found that certain relief requested in the Urgent 

Motion is in the best interests of the Debtor, its creditors, and all parties in interest; and the Court 

having found that the Debtor provided adequate and appropriate notice of the Urgent Motion 

under the circumstances and that no other or further notice is required; and the Court having 

determined that the factual bases set forth in the Urgent Motion establish sufficient cause for 

certain relief granted herein; and after due deliberation and sufficient cause appearing therefor, it 

is hereby ORDERED that:

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

2. The Confirmation Scheduling Order shall be modified as follows:

a. The deadline for parties to file witness lists, exhibit lists, and deposition 

designations shall be extended June 21, 2023.

b. The deadline for parties to file counter-designations, objections to 

deposition designations, and objections to exhibit lists shall be extended to 

June 28, 2023.

c. The deadline for parties to file Objections to counter-designations shall be 

extended to July 5, 2023. 

3. The remaining relief sought in the Urgent Motion is denied. The parties must 

comply with the exhibit list procedures set forth in the Amended Order Regarding 

Procedures for Hearing on Confirmation of PREPA Plan of Adjustment (Docket 

Entry No. 24585 in Case No. 17-3283 and Docket Entry No. 3759 in Case No. 17-

4780).

4. The Court shall retain jurisdiction to hear and determine all matters arising from 

the implementation of this Order. 

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230615 ORD RE EXTENDING CERTAIN DEADLINES VERSION JUNE 15, 2023 3

5. This Order resolves Docket Entry No. 24573 in Case No 17-3283 and Docket Entry 

No. 3747 in Case No. 17-4780.

SO ORDERED.

Dated: June 15, 2023

 /s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

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