−Removed: The executive office of Ambac has relocated to One World Trade Center, New York, New York 10007, consisting of 46,927 square feet of office space, under a sublease agreement that expires in January 2030.
+Added: The executive office of Ambac is located at One World Trade Center, New York, New York 10007, and consists of 46,927 square feet of office space, under a sublease agreement that expires in January 2030.
Ambac continues to hold a lease at One State Street Plaza that expires in December 2029 (25,871 square feet).
Ambac has sublet this space through its expiration date.
+Added: During 2020, Ambac leased additional office space in New Jersey that expires in May 2021.
+Added: Additionally, Ambac maintains a disaster recovery site as part of its Disaster Recovery Plan under a lease that expires in March 2024.
+Added: This remote warm-back-up facility is capable of serving the needs of the disaster recovery team to support all business operations.
Ambac UK maintains an office in London, England, which consists of 3,514 square feet of office space, under a lease agreement that expires in October 2025.
−Removed: Negotiations are currently taking place, (and anticipated to conclude in the second quarter of 2020), to extend the current lease for five years (to October 2025).
+Added: Xchange maintains office space in (i) Armonk, NY which consists of 2,754 square feet under a lease agreement that expires in July 2028 and (ii) Indianapolis, IN which consists of 3,678 square feet under a lease agreement that expires in March 2024.
Legal Proceedings
2 unchanged sentences
Mine Safety Disclosures — Not applicable.
−Removed: | Ambac Financial Group, Inc.
−Removed: 22 2019 FORM 10-K |
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.