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.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.