National MI in its $250 million five-year unsecured revolving credit facility

On May 7, 2024, National MI (Nasdaq: NMIH), a mortgage insurance company, announced that it had priced its registered public offering of $425 million aggregate principal amount of 6.0% senior unsecured notes due 2029.  NMIH also announced that it had entered into a credit agreement with Royal Bank of Canada, as administrative agent, providing for a new $250 million five-year unsecured revolving credit facility.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to National MI.