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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 6/14/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

RAM reports repurchase of $25 million in 6 7/8% senior notes due 2024

By Devika Patel

Knoxville, Tenn., June 14 - RAM Holdings Ltd. said it repurchased and cancelled $25 million of its 6 7/8% senior notes due 2024.

The company said it paid $14.3 million, realizing a gain of $10.7 million.

RAM is a Hamilton, Bermuda-based holding company, and RAM Reinsurance Co. Ltd. provides financial guaranty reinsurance for public finance and structured finance transactions.


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