secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001193125-24-144008
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NMI Holdings closes $425M offering of 6.000% Senior Notes due 2029; will redeem 7.375% 2025 Notes
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- Issued $425M aggregate principal of 6.000% Senior Notes due Aug 15, 2029; net proceeds ~$414.3M after underwriting discount.
- Proceeds used to satisfy and redeem all outstanding 7.375% Senior Secured Notes due 2025 and for general corporate purposes.
- New notes rank unsecured and unsubordinated; effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities.
- Terminated 2021 Revolving Credit Facility; entered new Credit Agreement with Royal Bank of Canada as agent, maturing in 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000119312524144008/0001193125-24-144008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000119312524144008/d768666d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-144008

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