Syncora Announces Commencement of Strategic Alternatives Process

HAMILTON, Bermuda, March 04, 2019 (GLOBE NEWSWIRE) -- Syncora Holdings Ltd. (the "Company") today announced that its Board of Directors has commenced a formal review process to explore and evaluate strategic alternatives for the Company focused on optimizing shareholder value and returning capital to shareholders.  These alternatives include, among other things, a sale of part or all of the Company or its wholly owned, New York financial guarantee insurance subsidiary, Syncora Guarantee Inc.

The Board of Directors is being advised by Moelis & Company LLC, its financial advisor, Debevoise & Plimpton LLP, its US legal advisor, and Appleby, its Bermuda legal advisor.

About Syncora Holdings Ltd.
Syncora Holdings Ltd. SYCRF is a Bermuda-domiciled holding company.  Syncora Guarantee Inc. is a wholly-owned subsidiary of Syncora Holdings Ltd.  For additional information, please visit www.syncora.com.

Contacts
Scott Beinhacker
Syncora Holdings Ltd.
(212) 478-3400
investorrelations@scafg.com

Jared Dermont
Moelis & Company
(212) 883-3875
jared.dermont@moelis.com

Important Information and Forward-Looking Statements
This press release contains statements about future results, plans and events that may constitute "forward-looking" statements.  We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release.  In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology.  Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control. These risks and uncertainties include, but are not limited to, the factors described in the Company's historical filings with the NYDFS, and in the Company's and Syncora Guarantee Inc.'s GAAP and statutory financial statements, as applicable, posted on its website at www.syncora.com.  Readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made.