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Stock impact report

Assured Guaranty Issues £140 Million Debt Service Reserve Guarantees to Associated British Ports [Yahoo! Finance]

Assured Guaranty Ltd. (AGO) 
US:NYSE Investor Relations: assuredguaranty.com/investor-information
Company Research Source: Yahoo! Finance
reserve (DSR) guarantees for the benefit of ABP Acquisitions UK Limited and ABP Finance Plc of the Associated British Ports (ABP) Group. The £140 million DSR guarantees issued by Assured Guaranty replace equivalent existing liquidity facilities provided by relationship banks. Ashish Anand, Managing Director, AGUK, commented: "We are extremely pleased to announce this landmark transaction with the UK's leading port owner. We welcome the fact that ABP has recognised the advantages of diversifying its capital base, freeing up its bank lines and securing a commitment for the next five years with debt service reserve guarantees from Assured Guaranty." Dominic Nathan, Chief Executive, AGUK, commented: "The closing of this transaction marks a broadening of our debt service guarantee provisioning to key infrastructure corporate clients. ABP provides vital infrastructure and services to the UK and plays a significant role in the UK's trading economy. We believe similar opportunities ex Show less Read more
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