secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001193125-23-225019
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA's National enters Amended PREPA PSA; cash, contingent instruments, subject to court approval
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- On Aug 25, National entered First Amendment to PREPA Plan Support Agreement (Amended PSA) with FOMB.
- FOMB filed Third Amended Title III Plan of Adjustment incorporating Amended PSA terms.
- National to receive cash, fees, expense reimbursement, plus two types of contingent value instruments (value uncertain).
- Amount depends on participation of certain non-accepting holders of uninsured PREPA bonds.
- Amended PSA subject to Title III Court approval and confirmation of Third Amended Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523225019/0001193125-23-225019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523225019/d521554d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-225019

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