secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001193125-23-022754
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA subsidiary National enters PREPA Plan Support Agreement for consensual resolution of bond claims
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- On Jan 31, 2023, National signed PSA with Puerto Rico oversight board for PREPA bond claims resolution.
- National to receive newly issued PREPA secured revenue bonds plus fees and expense reimbursement.
- PSA includes interim payment subject to regulatory approval and potential additional consideration.
- Agreement resolves National's litigation participation related to PREPA revenue bonds.
- PSA subject to court approval of amended Plan of Adjustment and confirmation/effectiveness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523022754/0001193125-23-022754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523022754/d431679d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-022754

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