Business
Assured Guaranty Guarantees €75 Million of Notes Issued by XpFibre Groupe
PARIS, May 06, 2025--Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on €75 million of notes issued by XpFibre Groupe on 30th April 2025, in order to refinance existing debt.
About this update from Assured Guaranty Ltd.
[{"type":"text","content":"PARIS, May 06, 2025--(BUSINESS WIRE)--Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on €75 million of notes issued by XpFibre Groupe on 30th April 2025, in order to refinance existing debt.","length":345,"tagName":"p"},{"type":"text","content":"This financing represents AGE’s first transaction in the European fibre sector. The 13-year, senior secured fixed-rate notes guaranteed by AGE were funded by a single U.S. investor.","length":181,"tagName":"p"},{"type":"text","content":"Raphaël de Tapol, Directeur Général of AGE, commented:","length":54,"tagName":"p"},{"type":"text","content":""We are very pleased to have closed this transaction for XpFibre Groupe, the largest independent Fibre-to-the-Home operator in France. This transaction shows the value of our financial guarantee for borrowers looking to issue long-term debt more cost-effectively. This is our first primary financial guarantee in the French infrastructure space since we opened our Paris office in 2019 and represents a key milestone in our strategy to strengthen our presence in continental Europe."","length":493,"tagName":"p"},{"type":"text","content":"Yannick Kouam, Director, Infrastructure Finance of AGE commented:","length":65,"tagName":"p"},{"type":"text","content":""The closing of this transaction marks our first execution in the European fibre sector. We expect to become more active in this sector in the years to come, both in the primary markets where financing needs are very large and in the secondary markets as more financial institutions are looking for ways to manage their portfolio exposure and lend in a more capital-efficient way."","length":391,"tagName":"p"},{"type":"text","content":"Domiciled in Paris, AGE conducts Assured Guaranty’s financial guarantee business in continental Europe. AGE is rated AA by S&P Global Ratings and AA+ by Kroll Bond Rating Agency.","length":182,"tagName":"p"},{"type":"text","content":"A&O Shearman served as AGE’s legal adviser on the transaction.","length":66,"tagName":"p"},{"type":"text","content":"IMPORTANT NOTICE","length":16,"tagName":"p"},{"type":"text","content":"All of the securities have been sold, and this announcement is for informatio...