Ambac将传统担保销售协议延长至7月

Ambac Financial (NYSE:AMBC) said on Monday that the buyer of its Ambac Assurance and Ambac UK businesses expects to obtain the remaining final regulatory approvals for the deal in Q2 of this year. As a result, its purchase agreement with funds managed by Oaktree Capital Management LP was automatically extended to July 3, 2025, from April 4, 2025.

For its part, Ambac (NYSE:AMBC) has met all of its customary pre-closing conditions for the sale. The company agreed in June to sell the legacy financial guarantee businesses to Oaktree for $420M in cash.

“The regulatory review process between Oaktree and the regulator continues to progress,” Ambac (AMBC) President and CEO Claude LeBlanc said. “Ambac is prepared to close the sale as soon as possible upon receipt of the final outstanding regulatory approval.”