Puerto Rico Utility's Creditors Extend Fight for Broad Repayment [BNN Bloomberg (Canada)]
Assured Guaranty Ltd. (AGO)
US:NYSE Investor Relations:
assuredguaranty.com/investor-information
Company Research
Source: BNN Bloomberg
Assured Guaranty, Syncora Guarantee and GoldenTree Asset Management, along with an ad hoc group of investors including Invesco Advisers Inc. and MacKay Shields LLC, continued to Sept. 30 a pact to work together in their negotiations with Puerto Rico's financial oversight board, the manager of the utility's bankruptcy, according to a court filing. The creditors collectively hold or insure more than 49% of the electric utility's $8.3 billion of outstanding bonds, according to the court filing. Prepa, as it's called, has been in bankruptcy for seven years. The extension follows a ruling last month by the US Court of Appeals for the First Circuit that determined that bondholders have a lien on Prepa's future net revenue, reversing US District Court Judge Laura Taylor Swain's decision that their lien was limited to reserve accounts. The First Circuit also ruled that investors' allowed claim is the face value of the utility's bonds plus matured interest, which is larger than the $2.4 b
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- PREPA Bondholders Applaud U.S. First Circuit Court of Appeals Ruling and Look Forward to Reaching Fair Resolution to End Bankruptcy [Yahoo! Finance]Yahoo! Finance
AGO
Earnings
- 5/7/24 - Beat
AGO
Analyst Actions
- 4/1/24 - Keefe, Bruyette & Woods
AGO
Sec Filings
- 6/21/24 - Form 4
- 6/20/24 - Form 144
- 5/31/24 - Form 8-K
- AGO's page on the SEC website