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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.