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FGIC Announces TSA Termination - The Morning Sun

Summary by Morning Sun
NEW YORK--(BUSINESS WIRE)--May 25, 2025--Financial Guaranty Insurance Company (“ FGIC ”) announces today that it has terminated the Transaction Support Agreement dated as of February 29, 2024 (the “ TSA ”), among FGIC and certain holders of outstanding FGIC-insured securities and units issued by the Custodial Trusts holding Puerto Rico-related securities insured by FGIC, regarding a potential transaction that would have accelerated the run-off o…
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Morning Sun broke the news in Pittsburg, United States on Sunday, May 25, 2025.
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