Radian amends mortgage repurchase facility: size cut to $100M, term extended to Sept 2023

RADIAN GROUP INC

Facility reduced from $300M to $100M; termination date extended from July 14 to Sept 14, 2023.
Parent guaranty and RMC guaranty remain unchanged; facility remains uncommitted.
Amendment entered July 13, 2023; subsidiaries Radian Liberty Funding and Radian Mortgage Capital are parties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RADIAN GROUP INC amended Amendment No. 1 to the Master Repurchase Agreement with Goldman Sachs Bank USA valued at reduced from $300 million to $100 million (effective 2023-07-13).

Action: amendment
Agreement: credit facility
Counterparty: Goldman Sachs Bank USA
Value: reduced from $300 million to $100 million
Effective: 2023-07-13

Exact text from the filing

On July 13, 2023, RMC and Liberty entered into Amendment No. 1 to the MRA (the “Goldman MRA Amendment”) to extend the MRA termination date from July 14, 2023 to September 14, 2023 and to voluntarily reduce the size of the Mortgage Financing Facility from $300 million to $100 million.

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Source: SEC EDGAR

accession 0001193125-23-188204

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