8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

 

PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

Date of Report (Date of earliest event reported):    March 31, 2003

(March 25, 2003)

 

 

AMBAC FINANCIAL GROUP, INC.

(Exact name of Registrant as specified in its charter)

 

 

Delaware

  

1-10777

  

13-3621676

(State of incorporation)

  

(Commission file number)

  

(I.R.S. employer

       

identification no.)

 

 

One State Street Plaza

      

10004

New York, New York

      

(Zip code)

(Address of principal executive offices)

        

 

 

(212) 668-0340

(Registrant’s telephone number, including area code)

 

 

Page 1 of 4 Pages

 

Index to Exhibits on Page 4

 

 

Item 5.    Other Events

 

On March 25, 2003, Ambac Financial Group, Inc. (the “Company”) announced it will redeem the total principal amount of its 7.08% Debentures due March 31, 2098 at a redemption price of 100% of principal amount, plus accrued interest.

 

On March 25, 2003, the Company issued the attached press release, filed herewith as Exhibit 99.1, and incorporated herein by reference.

On March 27, 2003, the Company sent the attached Notice of Redemption to holders of the Debentures, filed herewith as Exhibit 99.2, and incorporated herein by reference.

 

 

Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

 

(c)  Exhibits.

 

Exhibit Number

   

Description

      

99.1

   

Press Release of Ambac Financial Group, Inc. dated March 25, 2003.

      

99.2

   

Notice of Redemption, dated March 27, 2003.

 

 

Page 2 of 4

 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

Dated: March 31, 2003

Ambac Financial Group, Inc.

(Registrant)

 
 

By:

  

/S/    THOMAS J. GANDOLFO

   

Thomas J. Gandolfo

   

Senior Vice President and Chief Financial Officer

 

Page 3 of 4

INDEX TO EXHIBITS

 

 

Exhibit Number

   

Description of Exhibit

      

99.1

   

Press Release, dated March 25, 2003, with respect to the redemption of the Company’s 7.08% Debentures due March 31, 2098.

      

99.2

   

Notice of Redemption, dated March 27, 2003.

 

 

Page 4 of 4