Radian Group extends mortgage repurchase facility with Goldman Sachs to Nov 14, 2023

RADIAN GROUP INC

Extended MRA termination date from Sep 14 to Nov 14, 2023 via Amendment No. 2.
Facility size remains $100 million (reduced from $300M in July 2023).
Other terms of the mortgage loan repurchase facility unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

RADIAN GROUP INC amended Master Repurchase Agreement Amendment No. 2 with Goldman Sachs Bank USA valued at Extended MRA termination date to November 14, 2023; facility size $100 million; other terms unchange (effective 2023-09-14).

Action: amendment
Agreement: credit facility
Counterparty: Goldman Sachs Bank USA
Value: Extended MRA termination date to November 14, 2023; facility size $100 million; other terms unchange
Effective: 2023-09-14

Exact text from the filing

On September 14, 2023, RMC, Liberty and Goldman entered into Amendment No. 2 to the MRA (the “Goldman MRA Amendment No. 2”) to extend the MRA termination date from September 14, 2023 to November 14, 2023. In all other respects the terms of the Mortgage Financing Facility, including the Parent Guaranty and the RMC Guaranty, remain unchanged.

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Source: SEC EDGAR

accession 0001193125-23-236192

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