National MI Announces Pricing of Insurance-Linked Notes Transaction
NMI Holdings Inc (NMIH)
Last nmi holdings inc earnings: 2/11 04:01 pm
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US:NASDAQ Investor Relations:
ir.nationalmi.com
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Source: GlobeNewswire
EMERYVILLE, CA, July 25, 2019 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today announced the pricing of $327 million of 10-year mortgage insurance-linked notes issued by Oaktown Re III Ltd. (Oaktown Re III), a newly formed Bermuda special-purpose insurer. The notes are being offered for sale to eligible third-party capital markets investors in an unregistered private offering. In connection with the transaction, NMIH’s wholly owned subsidiary National Mortgage Insurance Corporation (National MI) will receive $327 million of fully collateralized excess of loss reinsurance protection from Oaktown Re III, covering an existing portfolio of mortgage insurance policies written from June 2018 through June 2019. Oaktown Re III is not a subsidiary or affiliate of NMIH. The transaction is expected to close on July 30, 2019, subject to customary conditions. The mortgage insurance-linked notes issued by Oaktown Re III consist of five classes as follows: $100,073,000 Class M-1A
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News
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit FacilityGlobeNewswire
- NMI Holdings, Inc. (NASDAQ: NMIH) had its price target raised by analysts at Compass Point from $33.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- NMI Holdings Inc (NMIH) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- NMI Holdings, Inc. (NASDAQ: NMIH) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
NMIH
Earnings
- 4/30/24 - Beat
NMIH
Sec Filings
- 5/8/24 - Form 8-K
- 5/7/24 - Form FWP
- 5/7/24 - Form 424B2
- NMIH's page on the SEC website