debt
confidence high
sentiment neutral
materiality 0.50
Radian Group guarantees $125M mortgage repurchase facility for subsidiary with Everbank
RADIAN GROUP INC
- Radian Mortgage Capital LLC entered a $125M uncommitted Master Repurchase Agreement with Everbank.
- Facility expires April 29, 2026, and is used to finance residential mortgage loan acquisitions.
- Radian Group Inc. fully guarantees subsidiary's obligations under a Parent Guaranty.
- Parent Guaranty includes financial covenants: minimum $25M liquid assets, net worth, and debt-to-capital ratio.
- Covenants are generally consistent with Radian's existing revolving credit facility.