Assured Guaranty Announces Pricing of $500 Million Senior Notes Offering

HAMILTON, Bermuda--(BUSINESS WIRE)--

Assured Guaranty Ltd. AGO announced today that its subsidiary, Assured Guaranty US Holdings Inc., has agreed to sell $500 million of 5.000% senior notes due 2024. The notes are guaranteed by Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty). The notes are expected to settle on June 20, 2014, subject to customary closing conditions.

The net proceeds from the sale of the notes will be used for general corporate purposes, including the purchase of common shares of AGL. Pending such application, Assured Guaranty may invest such net proceeds in marketable securities.

The joint book-running managers for the offering are BofA Merrill Lynch and Wells Fargo Securities.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. When available, copies of these documents may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus Department, or email dg.prospectus_requests@baml.com, or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support; or calling toll-free at (800) 326-5897; or emailing: cmclientsupport@wellsfargo.com. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the website of the Securities and Exchange Commission at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Assured Guaranty Ltd. is a publicly traded, Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets.