secwatch.observer — SEC 8-K summary
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Issuer:     OCTAVE SPECIALTY GROUP INC (OSG)
CIK:        0000874501
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001628280-25-043087
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ambac completes $420M sale of legacy financial guarantee businesses to Oaktree
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- Sale of Ambac Assurance Corp and Ambac Assurance UK to Oaktree for $420M cash closed on September 29, 2025.
- Completion transforms Ambac into pure-play MGA and specialty insurance platform; CEO calls it defining moment.
- Issued Oaktree a warrant for 5,092,707 common shares with conversion options capped at $70M aggregate.
- Moelis & Company and Debevoise & Plimpton advised Ambac; BlackRock and Kirkland & Ellis advised Oaktree.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874501/000162828025043087/0001628280-25-043087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874501/000162828025043087/ambc-20250929.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-043087

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