Debevoise also represented the company in connection with negotiating a support agreement for the restructuring, including the terms of the exchange offers and new notes, with more than 50% of holders of Ambac Assurance Corporation's surplus notes and more than 34% of holders of other obligations of the Segregated Account. The transaction included three exchange offers for existing surplus notes, the issuance of $2.2 billion of senior secured notes secured by the first $1.4 billion of recoveries on specified litigation and insured by Ambac Assurance Corporation and the issuance of $240 million of notes secured by such litigation recoveries in excess of $1.6 billion. The Debevoise team was led by partner Steven J. Slutzky and included partners Kenneth J. Berman, Mark P. Goodman, Scott Selinger and My Chi To; counsel Gregory T. Larkin; and associates Samantha Berkovits, Eric T. Juergens, Brent H. Nesbitt, Dan Pyon, Nicholas C.H. Roper and Daniel E. Stroik.