NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility
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, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) (the “Company”) announced today that it has priced its public offering (the “Offering”) of $425 million aggregate principal amount of senior unsecured notes (the “Notes”). The Offering is expected to close on May 21, 2024, subject to customary closing conditions. The Notes will pay interest semiannually at a rate of 6.0% per year and will mature on August 15, 2029. The Company intends to use net proceeds of the Offering to redeem its existing $400 million of 7.375% senior secured notes due June 2025, with the balance to be used for general corporate purposes. RBC Capital Markets, LLC, Goldman Sachs & Co. LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc. and Truist Securities, Inc. are acting as joint book-running managers and Huntington Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as co-managers for the Offering. The Company also announced that it has entered in
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News
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- NMI Holdings: Contrary To Its Name, This Is Not Your Enemy [Seeking Alpha]Seeking Alpha
- NMI Holdings (NMIH) Is Up 4.50% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- 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. (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
NMIH
Earnings
- 4/30/24 - Beat
NMIH
Sec Filings
- 5/15/24 - Form 4
- 5/14/24 - Form 144
- 5/13/24 - Form 4
- NMIH's page on the SEC website