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RAM Holdings Ltd Announces Repurchase of $25.0 million Senior Notes Due 2024
HAMILTON, Bermuda – 14 June, 2010 - RAM Holdings Ltd. (BSX: RAMR.BH; Pink Sheets: RAMR; "RAM Holdings") announces today the repurchase of $25.0 million of its 6.875% senior notes due 2024 (the "Senior Notes") for $14.3 million, realizing a gain of $10.7 million. The Senior Notes that were repurchased were cancelled immediately after
such repurchase.
Following the settlement of the repurchase, none of the Senior Notes remain outstanding.
RAM Holdings Ltd. is a Bermuda-based holding company. Its operating subsidiary, RAM
Reinsurance Company Ltd., provides financial guaranty reinsurance for U.S. and international public finance and structured finance transactions. More information can be found at www.ramre.com.
Contact: RAM Holdings Ltd.
David Steel 441-298-2102
E-mail: info@ramre.bm