BRIEF-Ambac Financial Provides Update On The Sale Of Its Legacy Financial Guarantee Business-February 2024-www.financetom.com

BRIEF-Ambac Financial Provides Update On The Sale Of Its Legacy Financial Guarantee Business

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BRIEF-Ambac Financial Provides Update On The Sale Of Its Legacy Financial Guarantee Business

Apr 7, 2025 6:16 AM

April 7 (Reuters) - Ambac Financial Group Inc ( AMBC ):

* AMBAC FINANCIAL GROUP, INC. ( AMBC ) PROVIDES UPDATE ON THE SALE OF

ITS

LEGACY FINANCIAL GUARANTEE BUSINESS

* AMBAC FINANCIAL GROUP INC ( AMBC ) - MEETS PRE-CLOSING CONDITIONS

FOR

SALE OF UNIT TO OAKTREE

* AMBAC FINANCIAL GROUP INC ( AMBC ) - OAKTREE AWAITS FINAL

REGULATORY

APPROVAL EXPECTED IN Q2

* AMBAC FINANCIAL GROUP INC ( AMBC ) - PURCHASE AGREEMENT TERM

EXTENDED TO

JULY 3, 2025

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