ESSENT GROUP LTD. (NYSE:ESNT) Files An 8-K Other EventsItem 8.01.Other Events
On March15, 2018, Essent Group Ltd. (the "Company") issued a press release announcing the pricing of the offering by Radnor Re 2018-1 Ltd., a newly formed Bermuda special purpose insurer, of $424.4 million of mortgage insurance-linked notes (the "Notes"). The Notes are being offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This report shall not constitute an offer to sell or a solicitation of an offer to buy any of the aforementioned securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits
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Exhibit No. |
Description |
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Press Release issued by Essent Group Ltd. dated March 15, 2018 |
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Essent Group Ltd. ExhibitEX-99.1 2 radnor_rexprx31518.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Essent Group Ltd. Announces Pricing of Mortgage Insurance-Linked NotesHAMILTON,…To view the full exhibit click here
About ESSENT GROUP LTD. (NYSE:ESNT)
Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. It offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The primary mortgage insurance operations are conducted through Essent Guaranty, Inc. (Essent Guaranty), a subsidiary of the company, which maintains operations centers and operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California. Essent Guaranty is a mortgage insurer and is licensed to write mortgage insurance in all 50 states and the District of Columbia. The Company offers primary and pool private mortgage insurance. Primary mortgage insurance provides protection on individual loans at specified coverage percentages. Pool insurance is used to provide additional credit for certain secondary market and other mortgage transactions.