On June 16, 2025, Ambac Financial Group provided an update on the timing of the sale of its legacy financial guarantee business. The regulatory review process is nearing completion, with a hearing expected to be held in the third quarter.
Ambac President and CEO Claude LeBlanc stated that while the transaction has exceeded anticipated timelines, the company remains actively engaged with Oaktree to close the transaction as soon as possible. The sale is a key component of Ambac's transformation into an insurance distribution and specialty P&C insurance company.
To maintain financial flexibility during this transitional period, Ambac also announced an amendment to its $150 million credit facility with UBS. The maturity date of this facility has been extended to December 31, 2025, providing additional liquidity and operational flexibility.
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