Radian Group’s Inigo Expands Letter-of-Credit Facility to $880 Million
Bitget2026/11/03 21:47- Radian Group's subsidiary Inigo Corporate Member increased its letter of credit facility to $880 million from $620 million on October 29, 2026.
- The parent replaced Inigo Limited as guarantor under the amended facility. Barclays Bank serves as facility agent.
- The facility supports the subsidiary's Lloyd's underwriting for the 2027 underwriting year and prior open years.
- Letters of credit have a minimum four-year term, expiring no later than December 31, 2030.
- A facility default could trigger defaults under the parent's revolving credit facility and outstanding senior notes.
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