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AI brief of an SEC Form 8-K · NMI Holdings (NMIH)

NMI Holdings closes $425 million 6.000% senior notes offering due 2029

Neutral Impact 3 of 5 financing Written later

NMI Holdings closed a registered offering of $425 million of 6.000% senior notes due August 15, 2029, with net proceeds of about $414.3 million. The company plans to use the proceeds to redeem its 7.375% senior secured notes due 2025 and for general corporate purposes, and it also terminated its 2021 revolving credit facility and entered a new credit agreement on the same date. For shareholders, this is a refinancing of existing debt that adds new long-term borrowings.

Key points

  • Closed $425 million of 6.000% senior notes due August 15, 2029, with net proceeds of about $414.3 million
  • Proceeds intended to satisfy and redeem the 7.375% senior secured notes due 2025, with redemption set for May 22, 2024
  • Interest payable semi-annually on February 15 and August 15, beginning February 15, 2025
  • 2021 Revolving Credit Facility terminated on May 21, 2024; new revolving credit facility with Royal Bank of Canada as administrative agent

The filing

CompanyNMI Holdings (NMIH)
Form8-K, current report
Filed with the SECMay 21, 2024, 4:46 PM ET
Accession number0001193125-24-144008

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, 1:49 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 21, 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.