EXHIBIT 99.1

This Statement on Form 4 is filed jointly by the Reporting Persons listed below.  The principal business address of each of these Reporting Persons is 333 South Grand Avenue, 28th Fl., Los Angeles, CA 90071.

Name of Designated Filer:  Oaktree Capital Group Holdings GP, LLC

Date of Event Requiring Statement:  September 29, 2016

Issuer Name and Ticker or Trading Symbol:  First BanCorp. [FBP]

/s/ Michael P. Harmon
Michael P. Harmon
OAKTREE CAPITAL MANAGEMENT, L.P.
By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title:   Vice President

OAKTREE HOLDINGS, INC.
By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title: Vice President
OAKTREE CAPITAL GROUP, LLC
By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title: Vice President
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC

By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title: Vice President
OCM FIE, LLC
By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title: Authorized Signatory