Item 8.01 Other Events
OnJune 3, 2020 ,NMI Holdings, Inc. (the "Company") issued a press release announcing the pricing of its previously announced underwritten registered public offering of 13,800,000 shares of Class A common stock, par value$0.01 per share, at a public offering price of$14.50 per share. The underwriters have a 30-day option to purchase up to 2,070,000 additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions, from the Company, which option was exercised in full onJune 5, 2020 . The offering is expected to close onJune 8, 2020 , subject to customary closing conditions. The Company expects net proceeds of this offering, after deducting underwriting discounts and commissions and before expenses, of approximately$220 million . The Company intends to use the net proceeds of the offering for general corporate purposes, including potential capital contributions to support the growth of new business production and operations of its subsidiaries. A copy of the press release is filed herewith as Exhibit 99.1 to this report, which is incorporated herein by reference. OnJune 5, 2020 , the Company issued a press release announcing the upsize and pricing of its previously announced private offering of senior secured notes due 2025 (the "Notes") in an aggregate principal amount of$400,000,000 , which represents an increase of$100,000,000 in aggregate principal amount from the previously announced proposed offering size. The offering is expected to close onJune 19, 2020 , subject to customary closing conditions. The Company intends to use the net proceeds of the offering to retire the Company's existing$147 million term loan and for general corporate purposes, including potential capital contributions to support the growth of new business production and operations of its subsidiaries. The Notes will be fully and unconditionally guaranteed on a first priority secured basis (subject to permitted liens and certain other exceptions) byNMI Services, Inc. , and each future subsidiary of the Company that guarantees the obligations under the Company's existing secured credit facility or under certain other future debt of the Company. A copy of the press release is filed herewith as Exhibit 99.2 to this report, which is incorporated herein by reference. This report does not constitute an offer to sell or the solicitation of an offer to buy the Notes, guarantees, shares of Class A common stock or any other securities, nor shall it constitute an offer to sell, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a confidential offering memorandum, and any offers of the Company's Class A common stock will be made only by means of a prospectus and the related prospectus supplement. Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
99.1
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