Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMBAC FINANCIAL GROUP, INC.

(AMBC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ambac Financial Group, Inc. Closes Senior Secured Note Offering

07/06/2021 | 04:05pm EDT

Ambac Financial Group, Inc. announced offering of its LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026. The proceeds from this offering were used to fund a portion of the redemption in full of the Ambac LSNI, LLC LIBOR plus 5.00% Insured Secured Notes due 2023 and the secured note issued by Ambac Assurance Corporation (“AAC”) concurrent with the issuance of the Ambac LSNI Notes. The offering of the Senior Secured Notes was conducted in light of favorable market conditions and to effectively extend the maturity of the Ambac LSNI Notes by approximately three years. While Ambac expects to resolve the remaining litigations brought by AAC to recover losses on insured residential mortgage-backed securities well in advance of the maturity of the Senior Secured Notes, Ambac believes that an extended maturity date will provide increased financial flexibility during the pendency of such litigations. The Senior Secured Notes were offered in a private offering exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. The Senior Secured Notes were offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act that are also qualified purchasers within the meaning of Section 2(a)(51) of the Investment Company Act of 1940, as amended, and to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. The Senior Secured Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.


ę S&P Capital IQ 2021
All news about AMBAC FINANCIAL GROUP, INC.
09/20AMBAC FINANCIAL : Cover Whale Partners with Everspan on Commercial Trucking Program
PR
08/11AMBAC FINANCIAL : ASSURANCE UK LIMITED - UK REGULATORY DISCLOSURE (opens in new window)
PU
08/05AMBAC : Q2 Earnings Snapshot
AQ
08/05AMBAC FINANCIAL : Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q2 Revenue $49M, vs...
MT
08/05Ambac Financial Group, Inc. Reports Earnings Results for the Second Quarter Ended June ..
CI
08/05AMBAC FINANCIAL GROUP INC : Results of Operations and Financial Condition (form 8-K)
AQ
08/05AMBAC FINANCIAL : Reports Second Quarter 2021 Results
BU
08/04AMBAC FINANCIAL : Appoints Lisa G. Iglesias to Its Board of Directors
BU
08/04Ambac Appoints Lisa G. Iglesias to Its Board of Directors
CI
07/27AMBAC FINANCIAL : Assurance Endorses Plans Providing for Consensual Resolution of its Puer..
BU
More news
Analyst Recommendations on AMBAC FINANCIAL GROUP, INC.
More recommendations
Financials (USD)
Sales 2021 291 M - -
Net income 2021 -80,3 M - -
Net Debt 2021 - - -
P/E ratio 2021 -7,02x
Yield 2021 -
Capitalization 655 M 655 M -
Capi. / Sales 2021 2,25x
Capi. / Sales 2022 3,12x
Nbr of Employees 125
Free-Float 98,0%
Chart AMBAC FINANCIAL GROUP, INC.
Duration : Period :
Ambac Financial Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMBAC FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 14,18 $
Average target price 17,00 $
Spread / Average Target 19,9%
EPS Revisions
Managers and Directors
Claude L. LeBlanc President, Chief Executive Officer & Director
David Trick Chief Financial Officer, Treasurer & Executive VP
Jeffrey Scott Stein Independent Chairman
Michael Reilly Chief Information & Administrative Officer
C. James Prieur Independent Director
Sector and Competitors