MBIA INC. 82,304,527 Shares of Common Stock Underwriting Agreement February 7, 2008Underwriting Agreement • February 13th, 2008 • Mbia Inc • Surety insurance • New York
MBIA Inc., a Connecticut corporation (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), an aggregate of 82,304,527 shares of Common Stock, par value $1.00 per share, of the Company (the “Underwritten Shares”) and, at the option of the Underwriters, up to an additional 12,345,679 shares of Common Stock of the Company (the “Option Shares”). The Underwritten Shares and the Option Shares are herein referred to as the “Shares”. The shares of Common Stock of the Company to be outstanding after giving effect to the sale of the Shares are herein referred to as the “Stock”.
