Radian increases mortgage repurchase facility with BMO to $400M from $150M

RADIAN GROUP INC

Amendment No. 3 raises the facility size to $400 million, up from $150 million.
Facility is uncommitted; BMO has no obligation to fund any purchase.
Radian Group reaffirms its guaranty of subsidiary Radian Mortgage Capital's obligations.
Facility used to finance residential mortgage loan acquisitions for securitization or sale.
Material terms of the MRA and guaranty otherwise unchanged.

item 1.01 item 2.03 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. 3 with Bank of Montreal valued at $400 million (effective 2024-04-24).

Action: amendment
Agreement: credit facility
Counterparty: Bank of Montreal
Value: $400 million
Effective: 2024-04-24

Exact text from the filing

On April 24, 2024, RMC, the Company and BMO entered into Amendment No. 3 to the MRA (“Amendment No. 3”) to increase the size of the mortgage loan purchase facility from $150 million to $400 million.

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Source: SEC EDGAR

accession 0001193125-24-122351

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