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Assured Guaranty unit to price offering of guaranteed senior notes
By Marisa Wong
Los Angeles, Aug. 16 – Assured Guaranty US Holdings Inc. is offering senior notes guaranteed by Assured Guaranty Ltd., according to a 424B3 filing with the Securities and Exchange Commission.
The notes will feature an optional make-whole call, followed by an optional par call.
BofA Securities, Inc. and Goldman Sachs & Co. LLC are the joint bookrunners.
Bank of New York Mellon is the trustee.
Proceeds will be used to redeem Assured Guaranty’s $330 million outstanding 5% senior notes due July 1, 2024.
Mayer Brown LLP will act as counsel for the issuer for matters of U.S. and New York law, and matters of Bermuda law will be handled by Conyers Dill & Pearman Ltd. Willkie Farr & Gallagher LLP will be counsel to the underwriters, with matters of Bermuda law also handled by Conyers, Dill & Pearman.
Assured is a Hamilton, Bermuda, provider of credit enhancement for municipal finance, structured finance and mortgage markets.
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