NMI Holdings prices $425M 6.0% notes due 2029 to redeem existing 7.375% secured notes

NMI Holdings, Inc.

Priced $425M aggregate principal of 6.000% senior unsecured notes due August 15, 2029; closing expected May 21, 2024.
Net proceeds to redeem $400M of 7.375% senior secured notes due 2025; remainder for general corporate purposes.
Entered into a new $250M five-year unsecured revolving credit facility, undrawn at inception.
Underwriters: RBC, Goldman Sachs, BMO, Citigroup, Truist; co-managers: Huntington, U.S. Bancorp.

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