ACT - Enact enters into $200M revolving credit facility

• Enact Holdings ( NASDAQ: ACT ) entered into a five-year $200M senior unsecured revolving credit facility on June 30, 2022.
• The company intends to use the borrowings for working capital needs and general corporate purposes, including capital contributions to our insurance subsidiaries.
• The interest will be accrued at a floating rate tied to a standard short-term borrowing index plus an applicable margin, which is based on the company’s ratings and currently stands at 200 basis points.
• As of the closing date, no amounts have been borrowed under the credit facility.

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