debt
confidence high
sentiment neutral
materiality 0.60
Essent Group completes $500M 6.250% senior notes offering and new $500M revolver
Essent Group Ltd.
- Closed $500M 6.250% Senior Notes due 2029; net proceeds ~$495.3M.
- Net proceeds used to repay term loan borrowings under existing secured credit facility.
- New $500M unsecured revolving credit facility replaces existing secured facility; 5-year maturity.
- Revolver includes option for up to $250M in uncommitted incremental revolving credit.