Ambac Financial Group Updates on Imminent Sale of Legacy Financial Guarantee Business to Oaktree Capital

Reuters

06-17

Ambac Financial Group Updates on Imminent Sale of Legacy Financial Guarantee Business to Oaktree Capital

Ambac Financial Group, Inc. has provided an update on the timing of the sale of its legacy financial guarantee business. The regulatory review process for the sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to funds managed by Oaktree Capital Management, L.P. is nearing completion, with a hearing expected in the third quarter. Claude LeBlanc, President and CEO of Ambac, acknowledged that the transaction has exceeded anticipated timelines but confirmed ongoing efforts with Oaktree to close the deal promptly. To ensure financial flexibility during this period, Ambac has amended its $150 million credit facility with UBS, extending the maturity date to December 31, 2025. Further details will be available in a report filed with the SEC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ambac Financial Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616920698) on June 16, 2025, and is solely responsible for the information contained therein.

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The regulatory review process for the sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to funds managed by Oaktree Capital Management, L.P. is nearing completion, with a hearing expected in the third quarter. Claude LeBlanc, President and CEO of Ambac, acknowledged that the transaction has exceeded anticipated timelines but confirmed ongoing efforts with Oaktree to close the deal promptly. To ensure financial flexibility during this period, Ambac has amended its $150 million credit facility with UBS, extending the maturity date to December 31, 2025. Further details will be available in a report filed with the SEC.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/AMBC\">Ambac Financial Group Inc.</a> published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616920698) on June 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250616:nNDLc8y42n:1","article_id":"2544885399","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544885399","pubTimestamp":1750104623,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ambac Financial Group, Inc. has provided an update on the timing of the sale of its legacy financial guarantee business. 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