Radian extends mortgage loan repurchase facility maturity to Sept 2024

RADIAN GROUP INC

Extended the $150M mortgage loan repurchase facility termination date from Sept 27, 2023 to Sept 25, 2024.
Facility remains uncommitted with no obligation for BMO to fund purchases.
Radian Group reaffirmed its guaranty of RMC's obligations under the amended MRA.
No other material changes to the terms of the MRA or Guaranty Agreement.

item 1.01 item 9.01

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. 2 with Bank of Montreal (effective 2023-09-27).

Action: amendment
Agreement: credit facility
Counterparty: Bank of Montreal
Effective: 2023-09-27

Exact text from the filing

On September 27, 2023, RMC, the Company and BMO entered into Amendment No. 2 to the MRA to extend the MRA termination date from September 27, 2023 to September 25, 2024.

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Source: SEC EDGAR

accession 0001193125-23-247413

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