Friday, Assured Guaranty Ltd. (AGO) completed the sale of 27.51 million common shares at a price of $20.90 per share. This represents 23.92 million shares that it agreed to sell to the underwriter in a public offering and an additional 3.58 million common shares that the underwriter elected to purchase pursuant to an option granted in connection with the public offering. The net proceeds of the sale totaled approximately $574.0 million.
The company intends to use the net proceeds of the offering for general corporate purposes and to complete the external capital portion of the rating agency capital initiatives for its subsidiaries announced in its November 12, 2009 press release. In light of the size of the offering, Assured Guaranty does not currently expect to execute the external reinsurance arrangement discussed in that press release.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.