Enact Holdings Inc., the holding company for Enact Mortgage Insurance Co., has inked a deal with five lenders that have agreed to extend a $200 million revolving line of credit to the company.
The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., announced the new five-year credit facility in a filing with the U.S. Securities and Exchange Commission (SEC).
The annual interest rate for borrowings against the line of credit include, at Enact’s option, either a base rate details ⇒
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