Syncora Holdings Ltd. Announces Closing of SGI Sale and Timing of Distribution of Sale Proceeds

Dec 30, 2019

HAMILTON, Bermuda, Dec. 30, 2019 (GLOBE NEWSWIRE) -- Syncora Holdings Ltd. (“Syncora”) today announced the closing of the previously announced sale of Syncora Guarantee Inc. (“SGI”), its wholly-owned, New York financial guarantee insurance subsidiary, to Star Insurance Holdings LLC (“Star Insurance”), an entity organized by GoldenTree Asset Management LP (“GoldenTree”) on behalf of GoldenTree’s managed funds and accounts.

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