secwatch.observer — SEC 8-K summary
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Issuer:     NMI Holdings, Inc. (NMIH)
CIK:        0001547903
Form:       8-K
Filed at:   2021-11-30T23:59:59+00:00
Accession:  0001547903-21-000180
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NMI Holdings amends revolver, ups capacity to $250M, extends maturity to Nov 2025
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- Revolver capacity increased to $250M; maturity extended to November 2025 from Feb 2023.
- No amounts borrowed under the facility; company cites enhanced financial flexibility.
- Lender group expanded; JPMorgan, Citibank, RBC, Truist, BMO, Goldman Sachs, US Bank.
- Facility secured by first-priority liens on substantially all assets of NMI and guarantor.
- Covenants include debt-to-cap ratio ≤ 35%, NMIC statutory capital ≥ $1.29B threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1547903/000154790321000180/0001547903-21-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1547903/000154790321000180/nmih-20211129.htm
  HTML page:      https://secwatch.observer/filing/0001547903-21-000180

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