Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RADIAN GROUP INC incurred mortgage of $150 million with Flagstar at SOFR for each business day the whole loan asset is held by Flagstar until the da maturing January 27, 2025.
- Instrument
- mortgage
- Principal
- $150 million
- Counterparty
- Flagstar
- Rate
- SOFR for each business day the whole loan asset is held by Flagstar until the da
- Maturity
- January 27, 2025
- Event
- incurrence
Exact text from the filing
On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RADIAN GROUP INC entered into Parent Guaranty with Flagstar Bank, N.A. valued at Guaranty of Radian Group Inc. of RMC's obligations under the Master Repurchase Agreement (effective 2024-01-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Flagstar Bank, N.A.
- Value
- Guaranty of Radian Group Inc. of RMC's obligations under the Master Repurchase Agreement
- Effective
- 2024-01-29
Exact text from the filing
On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement, as more fully described below (the “Mortgage Financing Facility”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RADIAN GROUP INC entered into Master Repurchase Agreement with Flagstar Bank, N.A. valued at $150 million mortgage loan repurchase facility (effective 2024-01-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Flagstar Bank, N.A.
- Value
- $150 million mortgage loan repurchase facility
- Effective
- 2024-01-29
Exact text from the filing
On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement, as more fully described below (the “Mortgage Financing Facility”).
View on SEC.gov