{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Ambac Closes Senior Secured Note Offering - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"AO3rPjJmEG\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-closes-senior-secured-note-offering\/\">Ambac Closes Senior Secured Note Offering<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/ambac-closes-senior-secured-note-offering\/embed\/#?secret=AO3rPjJmEG\" width=\"600\" height=\"338\" title=\"&#8220;Ambac Closes Senior Secured Note Offering&#8221; &#8212; Market Newsdesk\" data-secret=\"AO3rPjJmEG\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Ambac Closes Senior Secured Note Offering NEW YORK&#8211;(BUSINESS WIRE)&#8211; Ambac Financial Group, Inc. (NYSE: AMBC) (&#8220;Ambac&#8221;), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (\u201cSitka\u201d or the \u201cIssuer\u201d), has closed its previously announced offering of its LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026 (the \u201cSenior Secured Notes\u201d). The proceeds from this offering were used to fund a portion of the redemption in full of the Ambac LSNI, LLC (\u201cAmbac LSNI\u201d) LIBOR plus 5.00% Insured Secured Notes due 2023 (the \u201cAmbac LSNI Notes\u201d) and the secured note issued by Ambac Assurance Corporation (\u201cAAC\u201d) concurrent with the issuance of the Ambac LSNI Notes. The offering of the Senior Secured Notes &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210706005760r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"}