PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Earnings

Syncora Holdings Ltd. Announces Posting of Quarterly Statements for Syncora Guarantee Inc. and Syncora Capital Assurance Inc. and Provides Update on Syncora Guarantee Inc.'s Short-term Surplus Notes

Share with Twitter Share with LinkedIn

NEW YORK, Nov. 14, 2012 /PRNewswire/ -- Syncora Holdings Ltd. (the "Company") today announced that it has posted to its website at www.syncora.com, quarterly statements as of September 30, 2012 for each of Syncora Guarantee Inc. ("SGI") and Syncora Capital Assurance Inc. The Company also reported that the New York State Department of Financial Services (the "NYDFS") disapproved the payment of amounts currently outstanding on $150,000,000 original principal amount of short-term surplus notes issued by SGI.  There can be no assurance as to when or whether the conditions to payment of SGI's surplus notes, including NYDFS approval thereof, will be satisfied.  Until conditions to payment have been satisfied, SGI has no obligation to make payments on such surplus notes.

About Syncora Holdings Ltd.
Syncora Holdings Ltd. (OTC: SYCRF) is a Bermuda-domiciled holding company. Syncora Guarantee Inc. and Syncora Capital Assurance Inc. are wholly owned subsidiaries of Syncora Holdings Ltd.

Contact
Michael Corbally
1 212 478 3400
michael.corbally@scafg.com

SOURCE Syncora Holdings Ltd.

SOURCE Syncora Holdings Ltd.



RELATED LINKS
http://www.scafg.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release