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Syncora announces closing of sale of American Roads LLC

Published 07/17/2018, 06:27 AM
© Reuters.  Syncora announces closing of sale of American Roads LLC
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  • Syncora Holdings (OTCPK:SYCRF) announced that Pike Pointe Holdings, LLC, a wholly owned subsidiary of Syncora Guarantee Inc. (“SGI”), a wholly owned, New York financial guarantee insurance subsidiary of the Company, closed the sale of American Roads LLC, its subsidiary to American Roads AcquireCo LLC, a wholly owned subsidiary of DIF Infrastructure V for an undisclosed term.
  • “We are very pleased to close this transaction which continues our successful strategy of monetizing non-core assets as part of our efforts to return value to our stakeholders,” commented Frederick B. Hnat, the President and Chief Executive Officer of Syncora.
  • Now read: SCOR: An Under-Followed Reinsurance Company Yielding 5.2%


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