NMI Holdings, the parent of National Mortgage Insurance Corporation (National MI), amended its senior secured revolving credit facility, expanding the lender group, increasing the revolving capacity to $250 million, and extending the maturity from February 22, 2023 to November 10, 2025. No amounts have been borrowed under the facility.

JPMorgan Chase Bank, Citibank, RBC Capital Markets and Truist Securities served as joint lead arrangers on the transaction, with additional commitments made by Bank of Montreal, Goldman Sachs Bank USA and U.S. Bank.
 
“We’re pleased to have completed the amendment and extension of our revolving credit facility, and to have secured long-term support from an expanded group of banking partners,” said Adam Pollitzer, Executive Vice President and Chief Financial Officer.   “The increased size and extended maturity of the facility further enhances our already strong capital and liquidity position, and provides National MI with increased financial flexibility.”