secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-134340
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000119312524134340/0001193125-24-134340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000119312524134340/d816160d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-134340

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