Ambac launches senior secured note offering to refinance existing ambac lsni senior secured notes

New york--(business wire)--ambac financial group, inc. (nyse: ambc) ("ambac"), a financial services holding company, today announced that its newly formed special purpose entity, sitka holdings, llc (“sitka” or the “issuer””), has launched a private offering, to eligible purchasers, of senior secured notes due 2026 (the “sitka senior secured notes”). the sitka senior secured notes will be secured by all assets of sitka, which include a secured note issued by ambac assurance corporation (“aac”)
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