ESNT - Public offerings

Essent Group Ltd. (NYSE:ESNT) announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2024-1 Ltd. has funded its reinsurance obligations through the issuance of five classes of mortgage insurance-linked notes, with 10-year legal maturities, to eligible third-party capital markets investors in an unregistered private offering. The mortgage insurance-linked notes

Essent Group Ltd. (NYSE:ESNT) (the "Company") announced today that it has closed upon two transactions that collectively represent access to approximately $1 billion in capital for the Company. The Company announced that its previously disclosed public offering (the "Offering") of $500 million aggregate principal amount of senior unsecured notes (the "Notes") closed on July 1, 2024, resulting in approximately $495.3 million of net proceeds from the Offering. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029. Approximately $425 million of the net proceeds from the Offering were used to repay all of the borrowings outstanding under the ter

Essent Group Ltd. (NYSE:ESNT) (the "Company") today announced that it has priced its public offering (the "Offering") of $500 million aggregate principal amount of senior unsecured notes (the "Notes"). The Offering is expected to close on July 1, 2024, subject to customary closing conditions. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029. The Company intends to use approximately $425 million of the net proceeds of the Offering to repay all of the term borrowings outstanding under the term loan portion of its existing credit facility, and the remainder for general corporate purposes. J.P. Morgan, BofA Securities, Goldman Sachs & Co.

Essent Group Ltd. (NYSE:ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $281.5 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in August 2022 through June 2023 from Radnor Re 2023-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2023-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2023-1 Ltd. has funded its reinsurance obligations through the issuance of four classes of mortgage insurance-linked notes, with 10-year legal maturities, to eligible third party capital markets investors in an unregistered private offering. The mortgage insurance-li

Essent Group Ltd. (NYSE:ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $237.9 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in October 2021 through July 2022 from Radnor Re 2022-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2022-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2022-1 Ltd. has funded its reinsurance obligations through the issuance of four classes of mortgage insurance-linked notes, with 10-year legal maturities, to eligible third-party capital markets investors in an unregistered private offering. The mortgage insurance-lin

Essent Group Ltd. (NYSE:ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $439.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in April 2021 through September 2021 from Radnor Re 2021-2 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2021-2 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2021-2 Ltd. has funded its reinsurance obligations through the issuance of four classes of mortgage insurance-linked notes, with 10-year legal maturities, to eligible third party capital markets investors in an unregistered private offering. The mortgage insurance-

Essent Group Ltd. (NYSE:ESNT) announced today that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $557.9 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in August 2020 through March 2021 from Radnor Re 2021-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2021-1 Ltd. is not a subsidiary or an affiliate of Essent Group Ltd. Radnor Re 2021-1 Ltd. has funded its reinsurance obligations through the issuance of five classes of mortgage insurance-linked notes, with 12.5-year legal maturities, to eligible third party capital markets investors in an unregistered private offering. The mortgage insurance-l