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- Essent Group (NYSE:ESNT) has priced its public offering of $500 million aggregate principal amount of senior unsecured notes, expected to close on July 1, 2024, it said Wednesday after market.
- The Notes will pay interest semiannually at 6.250% per year and will mature on July 1, 2029.
- Essent Group (ESNT) intends to use approximately $425 million of the net proceeds to repay all the term borrowings outstanding under the term loan portion of its existing credit facility, and the remainder for general corporate purposes.
- Source: Press Release