secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001140361-24-027710
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Holdings issues $750M of 6.250% Senior Notes due 2029, to redeem $750M of 2025 notes
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- Issued $750M of 6.250% Senior Notes due 2029 under an underwriting agreement with J.P. Morgan, Citigroup, Goldman Sachs.
- Net proceeds of ~$742.3M; intends to redeem all $750M of 6.500% Senior Notes due 2025 on June 3, 2024.
- Redemption notice for the 2025 Notes delivered to trustee on May 23, 2024; redemption price includes Applicable Premium.
- Notes pay interest semi-annually at 6.250%, mature May 28, 2029; callable at make-whole plus 30 bps before Par Call Date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000114036124027710/0001140361-24-027710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000114036124027710/ny20024584x5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-027710

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