other material
confidence high
sentiment positive
materiality 0.75
National receives $177M bonds, $46M cash final distribution from Puerto Rico HTA plan
MBIA INC
- Final distribution: ~$177M bonds (face value) and $46M cash under HTA Plan of Adjustment effective Dec 6, 2022.
- Previously received $33M cash and $358M face of Contingent Value Instruments in July 2022.
- National accelerated all remaining HTA exposure and paid bondholders to fully retire the bonds.
- National paid MBIA a $72M annual dividend on November 17, 2022.