RADIAN GROUP INC (RDN): debt financing — Radian Group enters $500M revolving credit facility, maturing Nov 4, 2030

RADIAN GROUP INC

Unsecured revolving credit facility with $500M committed borrowing availability and $100M standby LC sub-facility.
Accordion feature permits up to $250M additional capacity via term loans or delayed draw term loans, subject to conditions.
Credit Agreement amends and restates prior December 2021 credit agreement; no loans currently outstanding.
Interest margins range from 0.125%-1.500% (base rate) and 1.125%-2.500% (SOFR), depending on debt rating.
Commitment fees range from 0.150% to 0.450% per annum, also based on senior unsecured debt rating.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

RADIAN GROUP INC amended revolving credit of $500 million with Royal Bank of Canada, as Administrative Agent at ranges from 1.125% to 2.500% per annum maturing November 4, 2030.

Instrument: revolving credit
Principal: $500 million
Counterparty: Royal Bank of Canada, as Administrative Agent
Rate: ranges from 1.125% to 2.500% per annum
Maturity: November 4, 2030
Event: amendment

Exact text from the filing

with their successors and assigns, the “Lenders”). The Credit Agreement provides for an unsecured revolving credit facility with a committed borrowing availability of $500 million (including a standby letter of credit sub-facility of up to $100 million) and also an accordion feature that allows Radian, at its option, to increase the total borrowing

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Source: SEC EDGAR

accession 0001193125-25-272396

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