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

Enact Holdings replaces $200 million revolver with $435 million credit facility

Neutral Impact 3 of 5 financing Written later

On September 30, 2025, Enact Holdings entered into a $435 million revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, and terminated its $200 million 2022 revolving facility. The new facility was undrawn at closing and matures on September 30, 2030, so it adds borrowing capacity rather than new debt, with covenants shareholders can track.

Key points

  • Revolving facility: $435 million initial principal, including a $217.5 million accordion, undrawn as of September 30, 2025
  • Matures September 30, 2030; borrowings priced at Term SOFR plus 0.10% plus a margin tied to the senior unsecured rating
  • Commitment fee on unused amounts is 0.175% based on the current rating
  • Covenants include minimum consolidated net worth of at least $3,729,000,000 (plus adjustments) and a maximum debt-to-total capitalization ratio of 0.35 to 1.00

The filing

CompanyEnact Holdings (ACT)
Form8-K, current report
Filed with the SECOct 1, 2025, 4:16 PM ET
Accession number0001823529-25-000219

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

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 October 01, 2025.

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.