secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001823529-25-000219
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Holdings enters $435M revolving credit facility, replacing $200M prior facility
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- New $435M revolver matures Sept 30, 2030; undrawn at closing on Sept 30, 2025.
- Replaces prior $200M facility dated June 30, 2022, which was terminated same day.
- Financial covenants: min consolidated net worth $3.729B + 50% of positive net income; max debt-to-capital 0.35:1.00.
- Includes a $217.5M accordion feature; interest margin based on Senior Unsecured Rating (currently 0.175% commitment fee).
- Margin for Term SOFR loans ranges from 1.00% (Level I) to 2.00% (Level VI); ABR margin from 0.00% to 1.00%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352925000219/0001823529-25-000219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352925000219/act-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001823529-25-000219

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer