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:  December 5, 2016

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

OAKTREE PRINCIPAL FUND V (DELAWARE), L.P.
By:	Oaktree Fund GP, LLC, its general partner
By:	Oaktree Fund GP I, L.P., its managing member
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OAKTREE FF INVESTMENT FUND AIF (DELAWARE), L.P.
By:	Oaktree Fund AIF Series, L.P. — Series I, its general partner
By:	Oaktree Fund GP AIF, LLC, its general partner
By:	Oaktree Fund GP III, L.P., its managing member
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory

OAKTREE FUND AIF SERIES, L.P. — SERIES I
By:	Oaktree Fund GP AIF, LLC, its general partner
By:	Oaktree Fund GP III, L.P., its managing member
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OAKTREE FUND GP AIF, LLC
By:	Oaktree Fund GP III, L.P., its managing member
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OAKTREE FUND GP III, L.P.
By:	/s/ Jamie Toothman
	Name: Jamie Toothman
	Title: Authorized Signatory
OAKTREE AIF INVESTMENTS, L.P.
By:	Oaktree AIF Holdings, Inc., its general partner
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Vice President
OAKTREE AIF HOLDINGS, INC.
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Vice President
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