UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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:

In re: :

:

THE FINANCIAL OVERSIGHT AND : PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, : Title III

:

as representative of : Case No. 17-BK-3283 (LTS)

:

THE COMMONWEALTH OF PUERTO RICO et al., : (Jointly Administered)

:

Debtors.1:

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:

In re: :

:

THE FINANCIAL OVERSIGHT AND : PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, : Title III

:

as representative of : Case No. 17-BK-4780 (LTS)

:

PUERTO RICO ELECTRIC POWER AUTHORITY, :

:

:

:

Debtor. :

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INFORMATIVE MOTION OF OFFICIAL COMMITTEE OF 

UNSECURED CREDITORS REGARDING FEBRUARY 15, 2018

FINAL HEARING ON PREPA FINANCING MOTION

 

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-BK3283 (LTS)) (Last Four Digits of Federal Tax ID: 3481), (ii) 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), (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case 

No. 17-BK-3567 (LTS)) (Last Four Digits of Federal Tax ID: 3808), (iv) Puerto Rico Sales Tax Financing 

Corporation (“COFINA”) (Bankruptcy Case No. 17-BK-3284 (LTS)) (Last Four Digits of Federal Tax ID: 

8474); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780) (Last 

Four Digits of Federal Tax ID: 3747).

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To the Honorable United States District Judge Laura Taylor Swain:

The Official Committee of Unsecured Creditors of all title III Debtors (other than 

COFINA) (the “Committee”) hereby submits this informative motion in response to the Court’s

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

the February 15, 2018, Final Hearing on PREPA Financing Motion, dated February 9, 2018, 

[Case No. 17-3283, Docket No. 2448; Case No. 17-4780, Docket No. 658] (the “Scheduling 

Order”) and respectfully states as follows:

1. Luc A. Despins of Paul Hastings LLP will appear in person on behalf of the 

Committee at the Final Hearing on PREPA Financing Motion (as defined in the Scheduling 

Order) in Courtroom 17C of the United States District Court for the Southern District of New 

York and address, as necessary, 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. 17-3283, 

Docket No. 2298; Case No. 17-4780, Docket No. 549];

(i) Statement of Official Committee of Unsecured Creditors in Response to 

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 

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Providing Superpriority Administrative Expense Claims, (C) Modifying 

the Automatic Stay, (D) Scheduling a Final Hearing, and (E) Granting 

Related Relief [Case No. 17-3283, Docket No. 2359; Case No. 17-4780;

Docket 597];

(b) Any objections, responses, joinders, replies, or other filings related to any of the 

foregoing pleadings;

(c) Any changes made to the proposed financing (whether in the proposed order or 

the related transaction documents) before or at the Final Hearing; and

(d) Any statements made by any party in connection with the title III cases or any 

adversary proceeding pending therein.

2. In addition, Mr. Juan J. Casillas Ayala of Casillas, Santiago & Torres LLC and 

one of his co-counsel will also be attending, on behalf of the Committee, the Final Hearing on 

PREPA Financing Motion hearing at the United States District Court for the District of Puerto 

Rico.

[Remainder of page intentionally left blank.]

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WHEREFORE, the Committee respectfully requests that the Court take notice of the 

above. 

Dated: February 12, 2018 /s/ G. Alexander Bongartz .

PAUL HASTINGS LLP

Luc. A. Despins, Esq. (Pro Hac Vice)

Andrew V. Tenzer, Esq. (Pro Hac Vice)

Michael E. Comerford, Esq. (Pro Hac Vice)

G. Alexander Bongartz, Esq. (Pro Hac Vice)

200 Park Avenue 

New York, New York 10166

Telephone: (212) 318-6000 

lucdespins@paulhastings.com 

andrewtenzer@paulhastings.com

michaelcomerford@paulhastings.com

alexbongartz@paulhastings.com

Counsel to the Official Committee of Unsecured 

Creditors

- and -

/s/ Juan J. Casillas Ayala .

CASILLAS, SANTIAGO & TORRES LLC

Juan J. Casillas Ayala, Esq., USDC - PR 218312

Diana M. Batlle-Barasorda, Esq., USDC - PR 213103

Alberto J. E. Añeses Negrón, Esq., USDC - PR 302710

Ericka C. Montull-Novoa, Esq., USDC - PR 230601 

El Caribe Office Building

53 Palmeras Street, Ste. 1601

San Juan, Puerto Rico 00901-2419

Telephone: (787) 523-3434

jcasillas@cstlawpr.com

dbatlle@cstlawpr.com

aaneses@cstlawpr.com 

emontull@cstlawpr.com

Local Counsel to the Official Committee of Unsecured 

Creditors

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