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AI brief of an SEC Form 8-K · Enact Holdings (ACT)

Enact completes $750 million senior notes offering to redeem 2025 notes

Neutral Impact 3 of 5 financing Written later

Enact Holdings completed a $750 million offering of 6.250% senior notes due 2029 on May 28, 2024. The company plans to use the net proceeds, about $742.3 million, together with other available funds, to redeem its $750 million 6.500% notes due 2025 on June 3, 2024.

Key points

  • $750 million of 6.250% senior notes due May 28, 2029, issued under an underwriting agreement dated May 22, 2024
  • Net proceeds of approximately $742.3 million after underwriting discounts, commissions and estimated offering expenses
  • All $750 million of 6.500% senior notes due 2025 to be redeemed on June 3, 2024 at 100% of principal plus applicable premium and accrued interest
  • Notes pay interest semi-annually on May 28 and November 28, beginning November 28, 2024; J.P. Morgan, Citigroup and Goldman Sachs were the representatives

The filing

CompanyEnact Holdings (ACT)
Form8-K, current report
Filed with the SECMay 28, 2024, 5:14 PM ET
Accession number0001140361-24-027710

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.