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Ambac Financial updates on timing of sale of legacy financial guarantee business

Ambac Financial (AMBC) provided an update on the timing of the sale of its legacy financial guarantee business and the extension of the maturity date of its outstanding credit facility. To maintain financial flexibility during this transitional period, Ambac entered into an amendment to its $150 million credit facility with UBS, extending its maturity date to December 31, 2025.

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