Bond insurance subsidiaries of Assured Guaranty Ltd. AGO
(together with its subsidiaries, Assured Guaranty) have entered into a
restructuring support agreement (RSA) with the Puerto Rico Electric
Power Authority (PREPA) and other stakeholders. The restructuring
transaction described in the RSA is intended to, among other things,
provide a framework for the consensual resolution of the treatment of
insured PREPA revenue bonds in PREPA's recovery plan and to provide
bridge financing for PREPA's January 1st interest payment.
Assured Guaranty's proportionate share of the PREPA bridge financing is
approximately $15 million. Upon finalization of the restructuring
transaction, insured PREPA revenue bonds (with no reduction to par or
stated interest rate or extension of maturity) will be supported by
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