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

(Jointly Administered)

NOTICE OF PRESENTMENT OF REVISED PROPOSED ORDER 

(A) APPROVING LIMITED OMNIBUS OBJECTION

PROCEDURES, (B) WAIVING THE REQUIREMENT OF 

BANKRUPTCY RULE 3007(e)(6), AND (C) GRANTING RELATED RELIEF

PLEASE TAKE NOTICE that on October 16, 2018, the Commonwealth of Puerto Rico 

(the “Commonwealth”), the Puerto Rico Sales Tax Financing Corporation (“COFINA”), the 

Puerto Rico Highways and Transportation Authority (“HTA”), the Employees Retirement 

System of the Government of the Commonwealth of Puerto Rico (“ERS”), and the Puerto Rico 

Electric Power Authority (“PREPA,” and together with the Commonwealth, COFINA, HTA, and 

ERS the “Debtors”), as Title III debtors, by and through the Financial Oversight and 

Management Board for Puerto Rico (the “Oversight Board”), as the Debtors’ representative 

pursuant to section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability

Act (“PROMESA”), filed the Motion for Entry of an Order (A) Approving Limited Omnibus 

 

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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Objection Procedures, (B) Waiving the Requirement of Bankruptcy Rule 3007(e)(6), and (C) 

Granting Related Relief (the “Motion”) [ECF No. 4052]. Attached as Exhibit A to the Motion 

was a proposed order (the “Proposed Order”). 

PLEASE TAKE FURTHER NOTICE that, in light of some informal comments with 

respect to the Motion and the Proposed Order (the “Comments”), on October 31, 2018, the 

Debtors filed a revised proposed order reflecting revisions made that address and resolve all of 

the Comments (the “First Revised Proposed Order”) [ECF No. 4131].

PLEASE TAKE FURTHER NOTICE that, at the November 7, 2018 Omnibus Hearing 

(the “Hearing”), the Court granted the relief requested in the Motion (with certain modifications 

stated on the record at the Hearing) and instructed the Debtors to submit to the Court a further 

revised proposed order incorporating the modifications approved by the Court at the Hearing.

PLEASE TAKE FURTHER NOTICE that, in compliance, the Debtors hereby file the

second revised proposed order, in the form attached hereto as Exhibit A, incorporating the 

modifications approved by the Court at the Hearing (the “Second Revised Proposed Order”).

PLEASE TAKE FURTHER NOTICE that a redline comparing the Second Revised 

Proposed Order against the Proposed Order is attached hereto as Exhibit B.

PLEASE TAKE FURTHER NOTICE that a redline comparing the Second Revised 

Proposed Order against the First Revised Proposed Order is attached hereto as Exhibit C.

PLEASE TAKE FURTHER NOTICE that, pursuant to section III.H of the Court’s 

Case Management Order [ECF No. 2839], the presentment of a proposed order “must be filed 

and served at least seven (7) calendar days before the presentment date, and Objections thereto 

must be filed and served at least one (1) calendar day before presentment date.” Accordingly, 

unless a written objection to the Second Revised Proposed Order is filed with the Court no later 

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than November 14, 2018 at 5:00p.m. (AST), the relief requested shall be deemed unopposed, 

and the Court may enter the Second Revised Proposed Order granting the relief sought in the 

Motion without a further hearing.

PLEASE TAKE FURTHER NOTICE that copies of all documents filed in these title

III cases are available (a) free of charge by visiting https://cases.primeclerk.com/puertorico or by 

calling +1 (844) 822-9231, and (b) on the Court’s website at http://www.prd.uscourts.gov, 

subject to the procedures and fees set forth therein.

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Dated: November 8, 2018

San Juan, Puerto Rico

Respectfully submitted,

/s/ Martin J. Bienenstock

Martin J. Bienenstock

Paul V. Possinger

Ehud Barak

Maja Zerjal

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtors

/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Co-Attorneys for the Financial Oversight and 

Management Board as representative for the 

Debtors

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