40 050708 Ambac Financial Group
Inc 14,588,711 23,192,374
Ambac Financial Group
announced the closing of a restructuring transaction proposed by Ballantyne in relation to its obligations following approval from the Irish High Court and the Bankruptcy Court of the Southern District of New York.
Ennead Architects LLP took 47,252 s/f and Ambac Financial Group
NEW YORK: Ambac Financial Group
, Inc., a holding company whose subsidiaries, including Ambac Assurance Corporation, provide financial guarantees, successfully completed Ambac's previously-announced offer to exchange AAC's outstanding Auction Market Preferred Shares ("AMPS") for AAC's 5.1% senior surplus notes due 2020 (the "Senior Surplus Notes") and, from AFG, cash and warrants to purchase AFG common stock.
Ambac Financial Group
, Assured Guaranty LTD and MBIA Inc., through its subsidiary National Public Finance Guarantee Corporation - all of which, for a premium, guarantee repayments to debt holders in the event of an issuer default - are collectively on the hook for upwards of (https://s3.amazonaws.com/heightllc.com/AGO_MBI_3Q17_PR_Exposure_and_Budget_Revision_Outlook.pdf?AWSAccessKeyId=AKIAIE5NNHEX3BS2LJAA&Expires=1510237726&Signature=sOD%2FsmYyADT%2B11NfF%2BR%2BMTroFBc%3D) $26 billion in Puerto Rican debt over the long term.
The new company's board will consist of Mukesh Aghi president of the US-India Business Council; Amy Alving Former chief technology officer of SAIC; David Herzog Former CFO of AIG and current member of boards of MetLife and Ambac Financial Group
; Sachin Lawande CEO of Visteon Corp.; Mike Lawrie chairman, president and CEO of CSC; Julio Portalatin president and CEO of Mercer LLC; Peter Rutland Partner and Global Co-head of Financial Services at CVC Capital Partners Ltd.
Earlier in his career, Mandel was the founding of Criterion Capital Management; co-chair, director, chair of the Governance and Nominating Committee and member of the Audit and Strategy and Risk Policy Committees at Ambac Financial Group
; a member of the board and audit committees of Comsys IT Partners, Broadpoint Gleacher Securities Group and XLHealth Corp; CFO of Circle.com; EVP Finance and Development of Snyder Communications; As well as VP at Goldman Sachs & Co.
Canyon Capital Advisors LLC, an alternative asset manager serving institutional clients and manager of funds and accounts that own almost five percent of the outstanding shares of Ambac Financial Group
26, Ambac Financial Group
Inc., New York, announced that Ambac Assurance Corporation (AAC) and Segregated Account of AAC have settled residential mortgage-backed securities (RMBS) litigation and disputes against JPMorgan Chase & Co.
that alleged that Ambac Financial Group
Inc., and other credit rating
Credit Suisse (NYSE: CS) has settled a lawsuit with bond insurer, Ambac Financial Group
Inc (ABKFQ.PK) (Ambac).