{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-22-000149","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2022-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.809050+00:00","generated_at":"2026-06-23T03:57:43.091727+00:00","sec_items":["1.01","2.04"],"event_type":"litigation","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ambac Assurance settles with Bank of America for $1.84B, will redeem $1.175B in notes","bullets":["AAC receives $1.84B from BOA parties to dismiss RMBS lawsuits filed in NY state court.","AAC will redeem $1.175B Sitka AAC Note at 103% of principal plus accrued interest using settlement proceeds.","AAC will also redeem $240M of 8.5% Tier 2 Notes due 2055 from net proceeds of approximately $213M.","Settlement resolves multiple lawsuits against Countrywide, Merrill Lynch, and other BOA affiliates.","Sitka Holdings will redeem $1.175B senior secured notes due 2026 upon receipt of AAC repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-22-000149","json":"https://secwatch.observer/filing/0000874501-22-000149.json","markdown":"https://secwatch.observer/filing/0000874501-22-000149.md","text":"https://secwatch.observer/filing/0000874501-22-000149.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000149/0000874501-22-000149-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000149/ambc-20221006.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T03:57:43.091727+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}