Essent Group enters $500M unsecured revolving credit facility, replacing $400M secured facility

Essent Group Ltd.

Five-year unsecured revolving credit facility of $500 million, replacing $400M secured facility.
Also provides up to $250 million in uncommitted incremental revolving credit at company's option.
Closing conditioned on an underwritten public offering of senior notes and repayment of existing term loans.
Covenants include max debt-to-capitalization ratio of 30%, compliance with PMIERs, minimum net worth.
Borrowings used for working capital and general corporate purposes; interest at floating rate plus margin.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.