FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Bank Syndicate Closes New $435MM Revolving Credit Facility with Enact

October 03, 2025, 07:50 AM
Filed Under: Insurance

Enact Holdings entered into a new $435 million five-year senior unsecured revolving credit facility effective September 30, 2025 with a syndicate of eight banks, with JPMorgan Chase Bank serving as Administrative Agent and Joint Lead Arranger, and Truist Securities as Joint Lead Arranger. This Credit Facility replaces the previous $200 million senior unsecured revolving credit facility.

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.

“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.”






Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.