Enact Announces Closing of New $435 Million Revolving Credit Facility
Enact Holdings (Nasdaq: ACT) has secured a new $435 million five-year senior unsecured revolving credit facility, replacing its previous $200 million facility. The agreement, effective September 30, 2025, features interest rates tied to short-term borrowing indices plus a 125 basis point margin based on credit ratings.
The expanded facility, arranged by JPMorgan Chase and Truist Securities with a syndicate of eight banks, enhances Enact's borrowing capacity and extends its maturity profile. No amounts have been drawn from the facility as of the closing date, with future borrowings intended for working capital needs and general corporate purposes.
Enact Holdings (Nasdaq: ACT) ha assicurato una nuova linea di credito revolving senior non garantita di 435 milioni di dollari a cinque anni, sostituendo la precedente linea di 200 milioni. L'accordo, in vigore dal 30 settembre 2025, prevede tassi di interesse legati agli indici di prestito a breve termine più un margine di 125 punti base in base alle valutazioni di credito.
La linea ampliata, organizzata da JPMorgan Chase e Truist Securities con un sindacato di otto banche, aumenta la capacità di indebitamento di Enact e allunga il profilo di scadenza. Al closing date non è stato prelevato alcun importo dalla linea; i prestiti futuri sono destinati a esigenze di capitale circolante e a scopi generali dell'azienda.
Enact Holdings (Nasdaq: ACT) ha asegurado una nueva línea de crédito revolvente senior no garantizada de 435 millones de dólares a cinco años, que reemplaza a su anterior línea de 200 millones. El acuerdo, vigente a partir del 30 de septiembre de 2025, contempla tasas de interés vinculadas a índices de endeudamiento a corto plazo más un margen de 125 puntos base basado en las calificaciones de crédito.
La línea ampliada, organizada por JPMorgan Chase y Truist Securities con un sindicato de ocho bancos, mejora la capacidad de endeudamiento de Enact y extiende su perfil de vencimiento. Ninguna cantidad ha sido retirada de la línea a la fecha de cierre; los futuros préstamos se destinarán a necesidades de capital de trabajo y a fines generales de la empresa.
Enact Holdings (Nasdaq: ACT)가 이전의 2억 달러에서 4억 3500만 달러의 5년 만기 선순위 비담보 회전신용한도를 확보하여 대체했습니다. 계약은 2025년 9월 30일부터 발효되며, 금리는 단기 차입 지수에 연동되고 신용 등급에 따라 125bp의 마진이 책정됩니다.
8개 은행으로 구성된 시니디케이트와 함께 JPMorgan Chase와 Truist Securities가 주도하는 확대된 한도는 Enact의 차입 능력을 강화하고 만기 프로파일을 연장합니다. 종결일 현재 한도에서 어떠한 금액도 인출되지 않았으며, 향후 차입은 운전자본 필요 및 일반 기업 목적에 사용될 예정입니다.
Enact Holdings (Nasdaq: ACT) a obtenu une nouvelle ligne de crédit renouvelable senior non garantie de 435 millions de dollars sur cinq ans, remplaçant l'ancienne ligne de 200 millions. L'accord, en vigueur à partir du 30 septembre 2025, prévoit des taux d'intérêt indexés sur des indices de prêt à court terme plus une marge de 125 points de base selon les notations de crédit.
La ligne élargie, organisée par JPMorgan Chase et Truist Securities avec un syndicat de huit banques, renforce la capacité d'emprunt d'Enact et prolonge son profil d'échéance. Aucun montant n'a été prélevé à la clôture; les emprunts futurs seront destinés aux besoins de fonds de roulement et à des usages généraux de l'entreprise.
Enact Holdings (Nasdaq: ACT) hat eine neue revolvierende Senior-Unsecured Kreditfazilität über 435 Mio. USD mit fünf Jahren gesichert und damit die vorherige Fazilität über 200 Mio. USD ersetzt. Die Vereinbarung, gültig ab dem 30. September 2025, sieht Zinsraten vor, die an kurzfristige Kreditaufnahmeindizes gebunden sind, zuzüglich einer Marge von 125 Basispunkten basierend auf der Bonität.
Die erweiterte Fazilität, arrangiert von JPMorgan Chase und Truist Securities mit einem Syndikat von acht Banken, erhöht Enacts Verschuldungskapazität und verlängert das Fälligkeitsprofil. Zum Closing-Datum wurde kein Betrag aus der Fazilität abgezogen; zukünftige Kreditaufnahmen dienen dem Working Capital und allgemeinen Unternehmenszwecken.
Enact Holdings (Nasdaq: ACT) تؤمن خط ائتمان دوّار رئيسي غير مضمون بقيمة 435 مليون دولار لمدة خمس سنوات، ليحل محل خطها السابق بقيمة 200 مليون دولار. الاتفاق، الذي يسري اعتباراً من 30 سبتمبر 2025، يتضمن معدلات فائدة مرتبطة بمؤشرات الاقتراض قصير الأجل بالإضافة إلى هامش قدره 125 نقطة أساس يعتمد على التصنيفات الائتمانية.
الخط الموسّع، الذي نظمته JPMorgan Chase و Truist Securities مع نقابة تضم ثمانية بنوك، يعزز قدرة Enact على الاقتراض ويمتد ملف الاستحقاق. لم يتم سحب أي مبلغ من الخط حتى تاريخ الإغلاق؛ القروض المستقبلية مخصصة لاحتياجات رأس المال العامل ولأغراض الشركة العامة.
Enact Holdings (纳斯达克股票代码：ACT) 已获得一项新的 435 百万美元、五年期的高级无担保循环信贷额度，取代了先前的2亿美元额度。该协议自 2025 年 9 月 30 日起生效，利率与短期借款指数挂钩，并基于信用评级增加 125 个基点的利差。
扩展后的额度由 JPMorgan Chase 与 Truist Securities 牵头，联手八家银行组成的银团，增强了 Enact 的借款能力并延长了到期结构。在交割日尚未从额度中提取任何金额，未来的借款将用于营运资金需求及公司的一般用途。
- Credit facility increased by 117.5% from $200M to $435M
- Enhanced borrowing capacity and extended maturity profile
- Favorable 125 basis point margin reflects strong credit profile
- No immediate debt burden as no amounts have been drawn
- Interest rates are variable, exposing company to potential rate increase risks
Insights
Enact's new $435M credit facility more than doubles its borrowing capacity, enhancing financial flexibility without immediate debt impact.
Enact Holdings has secured a significant financial upgrade with its new
The terms reflect Enact's strong credit standing, with borrowing costs set at just
Particularly noteworthy is the syndicate of eight banks backing this facility, with JPMorgan Chase and Truist Securities serving as lead arrangers. This broad banking support demonstrates institutional confidence in Enact's business model and financial trajectory. For investors, this facility strengthens Enact's financial foundation without immediately increasing leverage, representing a prudent enhancement to the company's capital structure that creates optionality without current dilution or interest expense.
RALEIGH, N.C., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that it has entered into a new
“The new facility significantly enhances our borrowing capacity and extends our maturity profile, providing greater financial flexibility and liquidity to support our operations,” said Dean Mitchell, Executive Vice President and Chief Financial Officer of Enact. “We are pleased with the terms of the facility, which reflect our strong credit profile and capital position, and appreciate the strong support from our banking partners.”
Borrowings under the Credit Facility will accrue interest at a floating rate tied to a standard short-term borrowing index plus an applicable margin that is determined by the company’s credit ratings and currently stands at 125 basis points. As of the closing date, no amounts have been borrowed under the Credit Facility. The company may use any future borrowings under the Credit Facility for working capital needs and general corporate purposes. Additional details related to the terms and conditions of the Credit Facility are included in the credit agreement, which will be filed with the Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K.
The Credit Facility was entered into with a syndicate of eight banks, with JPMorgan Chase Bank, N.A. serving as Administrative Agent and Joint Lead Arranger, and Truist Securities, Inc. as Joint Lead Arranger.
Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, guidance concerning the future return of capital and the quotations of management. These forward-looking statements are distinguished by use of words such as “will,” “may,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” “predict,” “project,” “target,” “could,” “should,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including risks related to an economic downturn or a recession in the United States and in other countries around the world; changes in political, business, regulatory, and economic conditions; changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs, including those offered by the Federal Housing Administration; and other factors described in the risk factors contained in our most recent Annual Report on Form 10-K and other filings with the SEC, may cause our actual results to differ from those expressed in forward-looking statements. Although Enact believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, Enact can give no assurance that its expectations will be achieved and it undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
This press release was published by a CLEAR® Verified individual.
Investor Contact Daniel Kohl EnactIR@enactmi.com Media Contact Sarah Wentz Sarah.Wentz@enactmi.com
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