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United Kingdom

Essent Group - Co, Borrowers Entered Incremental Amendment No.1 To Certain Amended Credit Agreement


Monday, 7 May 2018 

May 7 (Reuters) - Essent Group Ltd ::ESSENT GROUP - ON MAY 2, CO, BORROWERS ENTERED INCREMENTAL AMENDMENT NO.1 TO CERTAIN AMENDED CREDIT AGREEMENT DATED AS OF MAY 17, 2017 - SEC FILING.ESSENT GROUP LTD - TERMS OF AMENDMENT PROVIDE FOR AN INCREASE IN REVOLVING CREDIT FACILITY UNDER CREDIT AGREEMENT TO $275 MILLION FROM $250 MILLION.ESSENT GROUP -TERMS OF AMENDMENT PROVIDE FOR ISSUANCE OF $100 MILLION OF NEW TERM LOANS IN ADDITION TO $125 MILLION ALREADY OUTSTANDING PRIOR TO AMENDMENT.ESSENT GROUP - AMENDMENT PROVIDES FOR $100 MILLION UNCOMMITTED LINE THAT MAY BE EXERCISED AT BORROWERS' OPTION SO LONG AS BORROWERS RECEIVE COMMITMENTS.ESSENT GROUP LTD - ALL OTHER MATERIAL TERMS OF CREDIT AGREEMENT, AS AMENDED BY AMENDMENT, REMAIN UNCHANGED. 

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18 Apr 2019