Assured Guaranty UK Limited (AGUK) announced it has issued five-year debt service reserve (DSR) guarantees totaling £140 million. These guarantees benefit ABP Acquisitions UK Limited and ABP Finance Plc, both part of the Associated British Ports (ABP) Group. This transaction was announced on November 25, 2024.
The DSR guarantees issued by Assured Guaranty replace equivalent existing liquidity facilities that were previously provided by relationship banks. This move allows ABP to diversify its capital base and free up its bank lines. It also secures a commitment for the next five years with Assured Guaranty.
Ashish Anand, Managing Director, AGUK, expressed pleasure with this landmark transaction with the UK's leading port owner. Dominic Nathan, Chief Executive, AGUK, noted that the closing of this transaction marks a broadening of the company's debt service guarantee provisioning to key infrastructure corporate clients. This deal signifies Assured Guaranty's expansion into the wider infrastructure market.
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