Thames Water Debt Insurer Taps Advisers as Crisis Deepens [BNN Bloomberg (Canada)]
Assured Guaranty Ltd. (AGO)
US:NYSE Investor Relations:
assuredguaranty.com/investor-information
Company Research
Source: BNN Bloomberg
to protect their interests ahead of potential debt talks, according to people familiar with the matter. Assured Guaranty Ltd. and the noteholders have tapped lawyers at Kirkland & Ellis LLP and bankers at PJT Partners Inc, according to people familiar with the matter, talking on the condition of anonymity. The insurer works with issuers of debt and provides insurance on notes that can mitigate losses for bondholders. The US firm had an overall exposure of $2.1 billion-equivalent to Thames Water as of the end of 2023, according to its annual report. It was the second-largest exposure for the company outside of the US. The group has formed to protect the interests of so-called Class A noteholders in advance of possible discussions with Thames Water. So far Thames representatives have declined to engage with creditors about the debt, maintaining that the financial challenges lie with their parent company, the people said. Creditors to Thames Water could face losses if it ends up
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AGO
News
- Assured Guaranty Ltd. Declares Quarterly Dividend of $0.31 per Common ShareBusiness Wire
- Moody's Upgrades Assured Guaranty Corp.'s Rating and Affirms Assured Guaranty Municipal's Rating [Yahoo! Finance]Yahoo! Finance
- Moody’s Upgrades Assured Guaranty Corp.’s Rating and Affirms Assured Guaranty Municipal’s RatingBusiness Wire
- Puerto Rico Utility Bondholders Seek Bigger Bankruptcy Payouts [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Puerto Rico Utility Bondholders Seek Bigger Bankruptcy Payouts [BNN Bloomberg (Canada)]BNN Bloomberg
AGO
Earnings
- 2/27/24 - Beat
AGO
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- AGO's page on the SEC website