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 FUND GP, LLC
By:	Oaktree Fund GP I, L.P., its managing member
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OAKTREE FUND GP I, L.P.
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OAKTREE CAPITAL I, L.P.
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Authorized Signatory
OCM HOLDINGS I, LLC
By:	/s/ Jamie Toothman
	Name:	Jamie Toothman
	Title:	Vice President

OAKTREE HOLDINGS, LLC
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, L.P.
By:	Oaktree Capital Group Holdings GP, LLC,
	its General Partner
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