secwatch.observer — SEC 8-K summary
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Issuer:     ASSURED GUARANTY LTD (AGO)
CIK:        0001273813
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001273813-23-000070
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Assured Guaranty to redeem $330M 5% notes due 2024, issues $350M 6.125% notes due 2028
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- Redeems $330M of 5.000% Senior Notes due 2024 on Sep 25, 2023 at 100% of principal plus accrued interest.
- Issues $350M of 6.125% Senior Notes due 2028 in public offering, fully guaranteed by Assured Guaranty Ltd.
- Redemption price includes make-whole premium of treasury rate plus 40 bps if greater than par.
- New notes carry higher coupon (6.125% vs 5%) and longer maturity (2028 vs 2024), extending debt profile.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273813/000127381323000070/0001273813-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273813/000127381323000070/ago-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001273813-23-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer