RADIAN GROUP INC (RDN) Form 8-K — Nov 3, 2026
Radian Group's UK subsidiary Inigo Corporate Member Limited amended and restated its Lloyd's of London letter of credit facility on October 29, 2026, increasing aggregate lender commitments from $620 million to $880 million. Radian Group was added as guarantor of ICML's obligations, replacing Inigo Limited, and the letters of credit will support ICML's underwriting for the 2027 year of account and prior open years at Lloyd's Syndicate 1301. The facility has a minimum four-year term expiring no later than December 31, 2030, and carries financial covenants on Radian Group including a maximum 0.35-to-1.00 debt-to-total capitalization ratio and a minimum consolidated net worth of $3.1 billion.
Key figures
- Debt Amount
- $880 million (increased from $620 million)
- Own fal minimum
- not less than 50% of Adjusted ECA
- Lc expiry latest
- December 31, 2030
- Primary fal minimum
- not less than 50% of Adjusted ECA
- Lc minimum term years
- 4
- Prior commitments usd
- 620000000
- Total commitments usd
- 880000000
- Debt to total capitalization max
- 0.35 to 1.00
- L c commission rate collateralized
- 0.50% per annum
- L c commission rate uncollateralized
- 1.50% per annum
- Minimum consolidated net worth floor usd
- 3100000000
AI analysis
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